Trading was sluggish, with the metal silicon market experiencing a narrow decline in early April

According to the analysis of the Business Society’s market monitoring system, on April 14, 2026, the reference market price for domestic silicon metal # 441 was 9360 yuan/ton. Compared with April 1 (the market price for silicon metal # 441 was 9440 yuan/ton), the price decreased by 80 yuan/ton, a decrease of 0.85%.

Gamma-PGA (gamma polyglutamic acid)

Entering April, the market support for metal silicon # 441 is limited, and the market is running weakly
Recently, the overall domestic silicon metal market has remained stagnant and weak, with some specifications of silicon metal prices shifting downwards. As of April 14th, the price of metal silicon oxygen 553 # silicon in East China is between 8900-9100 yuan/ton, metal silicon 441 # is between 9100-9300 yuan/ton, metal silicon 421 # is between 9200-9400 yuan/ton, and 3303 # silicon is between 10100-10300 yuan/ton.
fundamental analysis
On the demand side: Currently, the overall operating rate of the downstream polycrystalline silicon market for metallic silicon remains stable. Recently, the price of polycrystalline silicon in the market has been at a low level, and there is a strong wait-and-see sentiment in the market. The demand for raw material industrial metal silicon procurement has shown caution. At present, the overall operating rate of downstream organic silicon enterprises is also relatively stable, and some organic silicon monomer factories have shown weak enthusiasm for purchasing raw materials. The operating rate of downstream aluminum silicon alloy enterprises has not been significantly adjusted, while the operating rate of some leading enterprises in the recycling industry remains stable. Some small and medium-sized enterprises have a weak mentality due to insufficient downstream orders.
Supply side: Currently, the overall operating rate of metallic silicon in China has not changed much compared to the beginning of the month. Yunnan and Sichuan regions are still in the dry season, and the overall operating rate is at a low level. In Xinjiang, there are some new and maintenance equipment being replaced, and the overall operating rate is limited, with a reference operating rate of around 75%. The overall output of the supply side has not changed much, and there is still some pressure on the supply due to downstream demand constraints.
Market analysis in the future
Overall, the supply and demand of the industrial silicon market are currently in a weakly balanced state. With the arrival of the southwest flood season, the market is expected to face supply pressure, so the fundamentals have not shown significant improvement yet. Due to the abundant supply of industrial silicon spot goods, some downstream users have a habit of purchasing at low prices, and some small and medium-sized silicon enterprises still face inventory pressure. It is expected that in the short term, the metal silicon market will be weakly adjusted and operated in a narrow range, and the market performance will still be mainly cautious. We still need to pay more attention to the changes in supply and demand side news

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