In the first week after the holiday, the metal silicon market experienced weak consolidation

According to the analysis of the Business Society Market Monitoring System, on January 6, 2026, the domestic market price of metallurgical silicon #441 was referenced at 9,620 yuan per ton. Compared to January 1, it remained largely stable. However, compared to December 1 (when the market price of metallurgical silicon #441 was 9,750 yuan per ton), the price decreased by 130 yuan per ton, representing a decline of 1.33%.

Weak Supply and Demand, Metal Silicon Market Maintains Weak Stability
According to the commodity market analysis system of Business Society, as we entered 2026, the domestic metallurgical silicon spot market did not experience a significant upward trend, showing a relatively weak and consolidating market trend with little fluctuation compared to the pre-holiday period. On January 6, the market prices in East China for metallurgical silicon 441# were around 9,300-9,500 yuan/ton, while those for oxygenated 553# were approximately 9,200-9,300 yuan/ton. The #521 grade priced at around 9,300-9,500 yuan/ton, and the 421# grade was quoted at approximately 9,500-9,800 yuan/ton.
Fundamental situation
Supply and production: Currently, the overall sentiment in the metallurgical silicon market is weak. On the supply side, maintenance and production cuts have occurred in northern regions, leading to a decline in overall metallurgical silicon production capacity and output.
On the demand side: Currently, overall procurement in the downstream sector of metallurgical silicon remains cautious. The slight production cuts in polysilicon and organosilicon have led to a contraction in industrial silicon demand. While some buyers have restocking needs, they primarily engage in price inquiries and actual transactions remain relatively limited.
Market Outlook Analysis
Currently, the silicon metal market is experiencing weak demand and supply, with subdued trading activity. Inventory pressures in the market have not shown significant relief. Analysts from the Business Society predict that the domestic silicon metal market will likely maintain a weak trend in the short term, with prices primarily undergoing minor adjustments. Specific developments will depend on further changes in supply-demand dynamics.