According to the analysis of the Business Society’s market monitoring system, on February 28, 2026, the reference market price for domestic silicon metal # 441 was 9540 yuan/ton. Compared to February 1 (the market price for silicon metal # 441 was 9650 yuan/ton), the price decreased by 110 yuan/ton, a decrease of 1.14%.
| Gamma-PGA (gamma polyglutamic acid) |
Supply and demand are weak in February, and the silicon metal # 441 market is experiencing a narrow decline
From the commodity market analysis system of Shengyi Society, it can be seen that in early February, the domestic market price of metal silicon 441 # showed range oscillation. At the beginning of the month, some areas stopped work for maintenance, resulting in a reduction in on-site supply and a narrow increase in the market price of silicon metal 441, with an increase of 10-50 yuan/ton. However, due to cautious demand and limited market price increases, the market has fallen. On February 14th, the reference market price for metal silicon 441 # in East China was 9300-9600 yuan/ton.
Returning from the holiday, the metal silicon market still lacks effective support, and loose supply and demand transmission still exists. The overall focus of market price negotiations has declined. On February 28th, the reference price for the metal silicon market in East China was 9200-9500 yuan/ton, with a decrease of about 100 yuan/ton in the latter half of the year.
fundamental analysis
On the supply side: In February, the overall production of metallic silicon in China was at a low level, and the supply side showed a contraction. However, some factories did not have a strong willingness to lower prices, and the transmission effect on the supply side was average.
In terms of demand: In February, the downstream demand for metallic silicon showed average follow-up performance, and the organic silicon market was in the off-season, with limited performance in raw material procurement and stocking. The demand for polycrystalline silicon was cautious, with a focus on essential procurement. Overall, the purchasing enthusiasm in the end market was not strong, and the overall stocking performance was rational.
Market analysis in the future
The overall demand recovery of the metal silicon market after the holiday is slow, and the downstream inquiry atmosphere is light. The metal silicon data analyst of Business Society predicts that the weak supply-demand pattern in the metal silicon market will continue in the short term. By mid March, the inquiry atmosphere in the metal silicon market may improve, and the overall market demand will steadily increase. More attention needs to be paid to changes in supply and demand news.
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