According to the analysis from the Business Society Price Monitoring System, on November 5, the domestic market price of metallurgical silicon #441 was 9,690 yuan per ton, marking a 10 yuan per ton increase compared to October 31 (market price of metallurgical silicon #441 at 9,680 yuan per ton), with a growth rate of 0.10%.
In early November, the domestic market for 441# metallurgical silicon saw a narrow overall upward trend
According to the Commodity Market Analysis System of Business Society, in early November, the domestic metal silicon spot market experienced minimal overall fluctuations, with minor adjustments for certain grades. Notably, the market for Grade 441# metal silicon showed a slight upward trend, with prices in the Huangpu Port area rising by approximately 50 RMB/ton, while other regions remained relatively stable. As of November 5, the reference price for Grade 441# metal silicon in East China ranged between 9,600-9,700 RMB/ton, while Grade 553# (non-ventilated) was quoted at 9,200-9,400 RMB/ton, and Grade 553# (ventilated) at 9,400-9,500 RMB/ton.
Production and Supply Status: In October, domestic metallurgical silicon production reached approximately 452,200 tons, an increase of 31,400 tons month-on-month, reflecting a growth rate of about 7.5%, but a decrease of 17,600 tons year-on-year, representing a decline of 4%. From January to October 2025, cumulative industrial silicon production totaled 3.4699 million tons, down 16.6% year-on-year. Entering November, changes in metallurgical silicon supply primarily occurred in the Sichuan-Yunnan region, with expectations that operating rates in this area will continue to decline. The overall production decline in the Sichuan-Yunnan region may exceed 50%.
Demand side: Although the market price of silicon metal has seen a slight increase, the overall procurement enthusiasm among downstream industries remains subdued without a clear unified boost. In some regions, downstream inquiries still exhibit price pressure. The southern areas, supported by reduced production activity, show a certain reluctance to sell, while the negotiation atmosphere has improved in certain regions.
Post-market analysis
Currently, the overall trading atmosphere in the metal silicon market remains mild, with downstream buyers exercising cautious procurement based on rigid demand. According to a metalsilicon data analyst from Business Society, the market is expected to primarily experience range-bound adjustments in the short term. Specific trends will require closer attention to supply-demand dynamics.
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