According to the analysis of the Business Society’s market monitoring system, on February 9, 2026, the domestic market price of silicon metal # 441 was based on 9650 yuan/ton, which was basically the same as February 1. Compared with January 1 (the market price of silicon metal # 441 was 96520 yuan/ton), the price increased by 30 yuan/ton, an increase of 0.31%.
| Gamma-PGA (gamma polyglutamic acid) |
Loose supply and demand. In early February, the silicon metal # 441 market first rose and then fell, oscillating and running
In early February (February 1st to February 9th), the domestic market price of silicon metal 441 # showed a fluctuating trend of “first rising and then falling”. From February 1st to 3rd, the market trading was average, and the market price of metal silicon 441 # remained stable at 9650 yuan/ton. On February 4th, some regions experienced a reduction in supply, resulting in a narrow increase in the price of silicon metal by 10-50 yuan/ton. On February 9th, the supply and demand remained loose, and the prices of some grades of silicon metal were narrowly lowered. As of February 9th, the reference market price for silicon metal 441 # in East China was 9300-9600 yuan/ton, while in Kunming, the gold price was reduced
fundamental analysis
On the supply side: Currently, as the Spring Festival approaches, the operating rate in southwestern production areas (Sichuan, Yunnan) remains low, with most manufacturers shutting down their furnaces and production, leading to a contraction in supply. Due to losses, some enterprises in Xinjiang, Inner Mongolia and other regions have carried out early maintenance or reduced production, further tightening market supply and supporting a slight increase in market prices in early February. However, supply transmission has remained average, and the market situation has fluctuated downward.
In terms of demand: In the early stage, some downstream enterprises prepared a certain amount of inventory before the holiday to cope with production stoppages, which enabled the market to maintain basic price stability during the holiday period. However, currently, downstream pre holiday stocking has basically ended, and downstream industries such as polysilicon and organosilicon have shown relatively weak demand, resulting in low purchasing willingness and suppressing price upward space.
Market analysis in the future
With the end of the Spring Festival holiday in late February, downstream enterprises will gradually resume work and production, and procurement demand is expected to steadily release. However, it may take some time for enterprises in the main production areas to resume work, and the market supply will still be tight in the short term. It is expected that the price of silicon metal will continue to fluctuate and rise after the holiday.
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