On October 10, 2026, the domestic market price reference for silicon metal # 441 was 9510 yuan/ton, which was an increase of 10 yuan/ton or 0.11% compared to October 1 (market price of silicon metal # 441 was 9500 yuan/ton).
1、 Trend analysis
Returning from the National Day holiday, the domestic market for metal silicon 441 # is experiencing an overall upward trend. The market situation of metal silicon 441 # is running steadily with small increases. The market price reference for metal silicon 441 # in East China is 9500-9600 yuan/ton, the market price reference for monitoring unit 441 # in Kunming is 9500-9700 yuan/ton, with a price increase of 50 yuan/ton, the market price reference for metal silicon 441 # in Huangpu Port is 9500-9600 yuan/ton, the market price reference for metal silicon 441 # in Tianjin is 9400-9500 yuan/ton, the market price reference for metal silicon 441 # in Sichuan is 9100-9200 yuan/ton, and the market price reference for metal silicon 441 # in Sichuan is 9700-9900 yuan/ton.
Fundamental situation
In terms of raw materials: After the holiday, the domestic silica market has shown stable operation. The overall supply of silica mines is relatively loose, and downstream purchases are made according to demand. The overall supply and demand situation is basically stable. The ex factory price of high-grade silica ore in Hubei Province remains around 310-350 yuan/ton, while the ex factory price of high-grade silica ore in Inner Mongolia is around 290-330 yuan/ton.
In terms of production: In September 2026, the domestic production of metallic silicon was about 317000 tons, a decrease of about 11% compared to the previous month. In September, the market showed a parallel trend of silicon enterprises starting production and increasing production. In October, it is expected that the release of production capacity in the northern region will continue to coexist with the reduction of production in the southwestern region. In October, it is expected that the domestic production of metallic silicon will increase slightly compared to the previous month, and downstream customers will continue to pick up goods one after another. It is expected that the market will have a slight destocking.
In terms of supply and demand: As we enter October and the beginning of the month, downstream demand continues to be mainly driven by rigid procurement. The supply pressure of spot silicon metal is not significant, and the quotes of holders are generally stable but slightly firm. The overall transmission of supply and demand is still good.
Market analysis in the future
At present, the inquiry atmosphere in the silicon metal market is mild, and there is a certain degree of wait-and-see sentiment in the market after the holiday. The overall destocking situation in the market in September is still good, and the mentality of industry players is good. Data analysts predict that in the short term, the domestic silicon metal market will mainly fluctuate and operate strongly, and specific attention needs to be paid to the resumption of production in some areas and downstream construction.
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