According to the analysis of the Business Society’s market monitoring system, on May 11, 2026, the reference market price for domestic silicon metal # 441 was 9510 yuan/ton. Compared to May 1 (the market price for silicon metal # 441 was 9390 yuan/ton), the price has increased by 120 yuan/ton, an increase of 1.28%.
1、 Trend Review
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In May, during the holiday season, the performance of the silicon metal market was relatively calm, with limited market fluctuations. After the holiday, the overall performance of the domestic silicon metal 441 # market was relatively strong. On May 7th, the price of silicon metal 441 # continued to rise, starting from 9390 yuan/ton and steadily increasing to 9510 yuan/ton, with a cumulative increase of about 1.28% and a rise of 120 yuan/ton. As of May 11th, the domestic market price reference for metal silicon 441 # is 9200-9700 yuan/ton.
Market influencing factors
On the demand side: As we enter May, the overall production of downstream polycrystalline silicon has slightly increased, which has led to a stable increase in industrial silicon consumption. The weekly operating rate of organic silicon enterprises has also slightly increased, and some individual factories in certain regions have resumed production. It is expected that the consumption of industrial silicon by organic silicon will also increase slightly in May. The demand in the aluminum alloy industry remains stable, with overall marginal improvement in downstream demand and increased demand support.
On the supply side: Currently, the low-end price of silicon metal market has decreased, the overall inventory on the supply side is still controllable, the mentality of enterprises has improved, and the transmission of market supply and demand has improved.
Market analysis in the future
At present, the overall trading atmosphere in the silicon metal market is mild, and the improvement of downstream rigid demand is the main factor for this round of price increases. However, with the arrival of the wet season in the future, the overall operating rate of the silicon metal market is expected to increase, and the uncertainty of supply increment expectations is relatively strong. This will form a certain constraint on the continued rise of prices. Therefore, it is expected that in the short term, the silicon metal market will mainly operate in a range of fluctuations, and the supply-demand game in the market will still exist. More attention needs to be paid to the changes in supply and demand, as well as the news of construction commencement.
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