Last week, DMC prices remained stable and improved. The price of silicon metal is running weakly and steadily, while the price of methanol is decreasing narrowly, and the cost is showing a downward trend. Supply reduction, closure of multiple individual factories, and strong atmosphere of price increase. The mainstream DMC quotation now ranges from 13000 (self pickup) to 13800 yuan/ton. Last week, the price of DMC raw materials remained stable, while the prices of 107 rubber, raw rubber, and mixed rubber remained stable, digesting the increase; Under cost pressure, the prices of silicone oil companies have remained stable with localized increases. The recovery of downstream demand is slow, and the market still needs time to digest the increase. Raw material DMC may continue to rise, driven by costs, which will drive up the prices of organic silicon products. It is expected that the prices of organic silicon products will remain stable and rise in the short term.

Last week, the Chinese gas-phase silica market operated smoothly, and there was no adjustment in enterprise quotations. Supported by downstream demand, the price of methyl trichlorosilane continues to rise; The supply of chlorine is tight and prices are rising. Last week, the demand for gas and silicon terminals rebounded, and the production of silicone rubber increased, driving the gas and silicon market to be better and increasing new orders in the market; Gas silicon enterprises are operating normally and the market supply is stable. In the short term, the supply of raw material A will become tight due to the increase in single inspection and repair, and the price may rise, which will strengthen the support for gas silicon. With the good performance of downstream market demand, the price of gas silicon will steadily rise under the dual positive factors.
Last week, the spot price of silicon metal remained stable. The market situation is relatively sluggish, downstream demand recovery is slow, and actual transactions are low, mainly relying on low price procurement according to demand. On the supply side, there has been relatively little change in production in the northern region, and a few silicon plants are expected to resume production, but there has been no significant increase in output. Production in the southern region continues to remain low, and overall production changes are relatively small. On the demand side, organic silicon monomer factories take turns conducting maintenance, resulting in a decrease in overall supply and a decrease in demand for metallic silicon; The operation of the polycrystalline silicon plant is relatively stable, mainly consuming existing raw materials and purchasing metallic silicon as needed; Aluminum alloy factories are gradually resuming production, resulting in a slight increase in demand for silicon metal. Overall, there is an expectation of increased supply, slow demand recovery, and a lack of upward momentum in prices. However, with cost support below, prices will continue to operate steadily at low prices.
Market Overview: Last week, the overall price of polycrystalline silicon market remained stable. The call for price increases among polycrystalline silicon enterprises has weakened, and due to the expected loosening of downstream product prices, the current focus is on stabilizing prices. Most companies have already signed all orders for this month and are currently focusing on delivery. This week's newly signed orders remained unchanged, mainly due to downstream rigid demand for polysilicon procurement. At present, most downstream enterprises have a portion of their inventory that has not been fully digested, and their willingness to purchase is not high. However, due to the impact of industry self-discipline on the polycrystalline silicon process, the monthly production schedule is at a relatively low level. In addition, some low-priced orders in the early stage will be delivered this month, and the monthly supply and demand of polycrystalline silicon can reach a basic balance, showing a slow destocking state overall. It is expected that the supply of polysilicon will slightly recover in March, but not as much as the downstream load increase, so the overall trend of polysilicon destocking in March is still mainly small.