For the Quarter Ending September 2025
North America
• In the USA, the Silica Price Index fell by 4.24% quarter-over-quarter, reflecting weaker construction demand.
• The average Silica price for the quarter was approximately USD 52.67/MT, reflecting market stability domestically.
• Silica Spot Price remained subdued as spot volumes faced weak buying from residential construction activity.
• Silica Price Forecast shows limited upside near term, with inventories balanced and producers maintaining disciplined selling.
• Silica Production Cost Trend eased slightly as logistic costs moderated and energy input inflation stabilized this quarter.
• Silica Demand Outlook remains weak owing to muted private construction and restrained nonresidential investment, limiting material restocking.
• Silica Price Index volatility eased as ports cleared delays and supply chains optimized through nearshoring and technology adoption.
• Export demand remained limited, keeping domestic spot availability ample and constraining any imminent upward price pressures.
Why did the price of Silica change in September 2025 in North America?
• Weaker domestic construction activity reduced immediate material buying, suppressing spot volumes and downward price pressure.
• Moderating logistics and energy costs eased production cost pressures, supporting price stability despite demand softness.
• Balanced inventories and absence of export surges prevented rapid rebounds, keeping Silica Price Index contained.
APAC
• In China, the Silica Price Index fell by 1.07% quarter-over-quarter, reflecting demand headwinds, balanced supply.
• The average Silica price for the quarter was approximately USD 61.67/MT, based on CFR Qingdao.
• Silica Spot Price showed limited volatility as steady domestic supply matched procurement activity this quarter.
• Silica Price Forecast remains muted with expected seasonal softness counterbalanced by intermittent infrastructure stimulus measures.
• Silica Production Cost Trend showed upward pressure from rising input costs and logistics, limiting declines.
• Silica Demand Outlook shows bifurcated consumption, industrial modernization supports while property weakness suppresses concrete demand.
• Inventory levels remained manageable and export demand subdued, keeping Silica Price Index under downward pressure.
• Operational uptime at major producers stayed high, preventing supply shocks and supporting Silica market stability.
Why did the price of Silica change in September 2025 in APAC?
• Domestic construction activity softened, reducing bulk procurement needs and pressuring silica price formation September 2025.
• Stable production and high operational uptime maintained supply, limiting upward price movement despite demand variations.
• Rising input and logistics costs exerted pressure, yet balanced inventories constrained Silica Price Index increases.
Europe
• In Germany, the Silica Price Index rose by 0.54% quarter-over-quarter, driven by stable supply conditions.
• The average Silica price for the quarter was approximately USD 61.67/MT, reported by market participants.
• Silica Spot Price activity remained muted as buyers exercised caution and spot volumes traded thinly.
• Silica Price Forecast points to stability into autumn, supported by balanced supply and industrial consumption.
• Silica Production Cost Trend remained subdued as lower energy volatility offset labour and transportation increases.
• Silica Demand Outlook stays cautious given softer construction activity; industrial applications provide steady baseline consumption.
• Inventory levels and imports moderated the Silica Price Index, limiting volatility and preventing sharp moves.
• Major producers maintained operations, ensuring timely deliveries while logistical efficiency supported distribution across German ports.
Why did the price of Silica change in September 2025 in Europe?
• Stable domestic supply and consistent imports offset weak construction demand, resulting in minimal price movement.
• Eased energy costs and efficient logistics contained upstream cost pressures, preventing increases in producer pricing.
• Muted spot activity and conservative procurement limited transactional upside, keeping the Silica Price Index unchanged.
MEA
• In Saudi Arabia, the Silica Price Index fell by 0.6% quarter-over-quarter, reflecting balanced supply conditions.
• The average Silica price for the quarter was approximately USD 56.33/MT. driven by steady demand.
• Silica Spot Price exhibited limited volatility as domestic mining output matched stable construction consumption levels.
• Silica Price Forecast signals easing into autumn, with adjustments reflecting balanced supply and seasonal demand.
• Silica Production Cost Trend was stable due to steady energy prices and subdued feedstock volatility.
• Silica Demand Outlook remains firm from Vision 2030 infrastructure activity, despite moderated new project announcements.
• Inventory levels increased modestly, limiting upside; subdued export demand kept Silica Price Index largely restrained.
• Major producers maintained normal utilization, with logistics remaining efficient, supporting continuous supply and price equilibrium.
Why did the price of Silica change in September 2025 in MEA?
• Consistent domestic mining output and logistics increased availability, applying downward pressure on Silica Price Index.
• Steady construction demand from Vision 2030 projects sustained consumption, preventing declines in Silica Spot Price.
• Stable energy and feedstock costs restrained production cost increases, limiting pressure on Silica Price Index.
For the Quarter Ending June 2025
North America
• During Q2 2025, the Silica Price Index in the USA showcased a steady downward trend, primarily driven by a continuous slump in construction activity. Despite occasional support from large-scale nonresidential projects and modest job gains in the construction sector, the Silica Spot Price weakened each month as builder sentiment faltered.
• In April, a significant decline in single-family housing starts led to reduced Silica procurement, resulting in elevated inventories and restrained pricing. May saw the slowest spring for existing home sales in over 15 years, prompting 34% of builders to cut home prices and delay new projects. This translated into lower consumption of Silica aggregates and mortars, particularly in small-scale residential applications.
• June reinforced the bearish market tone as the Silica Price Index slipped by another 3.6%. Despite moderate growth in construction employment, spending remained tepid across both residential and nonresidential sectors. The industry's focus shifted to secondary market sales, further limiting new material purchases. While Silica Production Cost Trends showed easing logistics and input costs due to increased tech-led operational efficiency, the impact on the price was marginal due to persistent oversupply.
• Silica Demand Outlook for July remains weak. Given the lack of major new housing initiatives and continuous stockpiling, the Silica Price Index is expected to decline further or stabilize at a low level unless policy support or a demand resurgence occurs.
Asia-Pacific
• The Chinese Silica market in Q2 2025 experienced a gradual strengthening in the Silica Price Index, underpinned by robust infrastructure investment and recovering industrial activity. The quarter began with prices holding steady in April and May, supported by fixed asset investment and state-funded development projects, particularly in transport and green energy sectors.
• Despite continued pressure from a sluggish real estate market and constrained local government financing, infrastructure momentum ensured stable Silica consumption. Suppliers maintained consistent output levels with no major logistical hurdles, and the Silica Production Cost Trend remained manageable. However, by June, higher operational intensity and rising raw input costs began exerting moderate pressure on producer margins.
• The Silica Spot Price climbed by approximately 1.6% in June as construction PMI reached a three-month high and industrial production grew 6.8% YoY. These factors contributed to a firming of Silica pricing across key industrial clusters in eastern China.
• Looking ahead, the Silica Demand Outlook for July is cautiously optimistic, with industrial modernization and green construction expected to support further gains in the Silica Price Index, though the real estate sector’s ongoing weakness remains a limiting factor.
Europe
• The European Silica market displayed a mixed but overall stabilizing trend during Q2 2025. In April, prices remained flat as construction across Western Europe, especially Germany and France, struggled with low housing starts and weak developer confidence. EU-backed infrastructure activity provided some demand stability but was insufficient to lift the Silica Price Index significantly.
• May brought moderate price appreciation driven by input cost inflation, improved financing conditions, and signs of recovery in the residential market across Poland, Spain, and the UK. Suppliers began stockpiling in anticipation of upcoming construction projects, which slightly lifted the Silica Spot Price.
• By June, regional pricing stabilized again due to consistent supply from major producers, steady inventory levels, and flattened energy costs. Stronger industrial activity in glass and ceramics helped maintain a steady consumption base across the continent.
• The Silica Price Forecast for July leans toward modest upward movement, supported by improving builder sentiment and broader deployment of EU civil engineering funds. The Silica Production Cost Trend remains stable, while demand from both the residential and industrial sectors is expected to gradually improve.
Middle East & Africa
• In Saudi Arabia, Q2 2025 was characterized by strong demand fundamentals, especially from the construction and infrastructure sectors fueled by Vision 2030 projects. The Silica Price Index remained stable in April, as local production capacity and efficient supply chain management balanced rising material demand.
• A notable price increase was recorded in May amid robust expansion across key non-oil sectors and a surge in procurement related to mega developments like NEOM and The Line. The Riyad PMI climbed to 55.8, reflecting healthy business sentiment, and the new order index surged, intensifying demand for construction inputs including Silica.
• In June, the market settled into equilibrium. While construction momentum continued, the absence of new large-scale project launches helped stabilize pricing. Strong domestic mining capacities and reliable logistics kept Silica Spot Prices steady, despite minor inflation in logistics and energy.
• For July, the Silica Price Forecast suggests stable or slightly increasing prices. The Silica Demand Outlook remains optimistic, backed by consistent investment in urban development and industrial infrastructure. Silica Production Cost Trends are not expected to rise significantly, given stable energy pricing and supply consistency.
For the Quarter Ending March 2025
North America
North America's silica market in Q1 2025 is characterized by balanced supply and demand dynamics amid seasonal and economic headwinds. Construction sector slowdowns, particularly in residential real estate, have tempered demand, while manufacturing activity shows resilience with steady output and new orders.
Regional disparities persist, with some urban centers experiencing robust construction activity and others facing housing market constraints. Inventory levels remain stable due to effective supply chain management, supporting a generally cautious but steady market sentiment throughout the quarter.
In the United States, silica prices increased by 5.03% from Q4 2024 to an average of 55.67 USD/MT in Q1 2025, with prices exhibiting a flat intra-quarter trend. This stability reflects consistent supply amid subdued demand driven by elevated mortgage rates and a cautious residential construction sector. Despite limited short-term demand growth, the market remains balanced and stable, with a near-term outlook anticipating gradual recovery as mortgage rates potentially ease.
Asia
The APAC silica market in Q1 2025 is characterized by balanced supply-demand fundamentals amid mixed economic signals. Steady domestic production and stable input costs have maintained supply consistency, while demand is influenced by a cautious recovery in construction and manufacturing sectors. Seasonal disruptions and regional disparities in real estate activity have tempered growth momentum, resulting in overall market stability. Inventory levels remain adequate, supporting a neutral market sentiment as the quarter progresses. In China, silica prices rose by 4.07% from Q4 2024 to an average of 59.67 USD/MT in Q1 2025, with prices exhibiting a flat intra-quarter trend. This stability reflects steady supply supported by consistent production and manageable input costs, alongside sustained demand driven by government-backed construction recovery and improved property sales in top-tier cities. The market outlook remains stable, with no significant price volatility expected in the near term.
Europe
The European silica market in Q1 2025 remained characterized by subdued demand amid a persistently weak construction sector, with continued contraction in new orders and housing activity dampening consumption. Supply chains operated smoothly with stable production levels, supporting balanced inventory dynamics despite limited upward price pressure. Regional market sentiment was cautious, reflecting ongoing economic challenges and muted industrial activity, though pockets of resilience in select markets provided some support. Overall, the market maintained a stable equilibrium with no significant volatility observed as the quarter progressed. In Germany, silica prices rose by 2.96% from Q4 2024 to an average of 58.0 USD/MT in Q1 2025, maintaining a flat intra-quarter trend with consistent monthly pricing. This stability reflects balanced supply amid weak demand driven by sharp contractions in housing and commercial construction sectors. The market remains stable, with limited upward momentum expected until broader economic recovery and monetary easing measures stimulate construction activity and silica consumption.
MEA
The MEA silica market in Q1 2025 is characterized by steady demand driven by expansive construction and industrial activities, underpinned by large-scale infrastructure initiatives and a resilient non-oil private sector. Supply chains remain well-managed, ensuring adequate inventory levels despite inflationary pressures on input costs. Market sentiment is cautiously optimistic, supported by ongoing mega projects and robust manufacturing growth, with no significant price volatility observed regionally during the quarter. In Saudi Arabia, silica prices increased by 3.92% from Q4 2024 to Q1 2025, averaging 53.0 USD/MT with a flat intra-quarter trend. This stability reflects balanced supply amid strong demand fueled by Vision 2030 infrastructure projects and a thriving non-oil sector. Despite rising input costs, effective supply chain management and government-backed initiatives have maintained a stable, bullish market outlook for the near term.
For the Quarter Ending December 2024
North America
In Q4 2024, Silica prices in the U.S. remained steady overall, with significant growth in November driven by robust construction demand, followed by stabilization in December due to seasonal slowdowns and subdued residential real estate activity.
Consistent domestic production and reliable supply chains ensured a balanced market without surplus or shortages, while manageable input costs supported steady operations. Demand trends varied, with strong activity in November across residential and non-residential construction contributing to earlier price rises, but December saw reduced consumption as elevated mortgage rates, falling home prices, and an 8.6% drop in inventory curtailed residential construction.
Non-residential construction demonstrated moderate resilience, supported by infrastructure investments and specialty trade activity, with overall construction spending flat month-over-month but up 3.0% year-over-year in December. While seasonal factors limited demand, the market-maintained stability, with cautious optimism for Q1 2025 as easing mortgage rates and a post-winter recovery in construction are anticipated to support demand.
APAC
In Q4 2024, Silica prices in China remained stable overall, reflecting balanced market fundamentals amidst mixed demand trends in the construction and real estate sectors. Prices rose by 3.6% in November due to higher input costs and steady industrial demand but stabilized in December as supply remained consistent and construction activity showed marginal recovery. Robust domestic production and efficient logistics ensured ample availability, with export growth to ASEAN and Belt and Road countries offsetting weaker local demand. The construction sector demonstrated cautious recovery, supported by government stimulus and stabilization measures, particularly in major cities like Beijing and Shanghai, where property sales surged by 76.6% YoY. However, challenges in lower-tier cities, including high inventory and foreclosure rates, tempered broader market recovery. Non-manufacturing PMI improvements to 52.2 in December signaled renewed momentum, but regional disparities in performance persisted. As stabilization measures continue and infrastructure projects progress, Silica prices are expected to remain stable or show modest growth in Q1 2025, supported by improving construction activity and export demand.
Europe
Silica prices in Europe showed mixed trends in Q4 2024, starting with stability in October, a 3.6% rise in November, and returning to stability in December. The initial stability reflected a balance between steady supply and subdued demand, as economic and political uncertainties weighed heavily on the construction sector. In November, prices increased due to resilient demand from selective construction segments, particularly in residential and retail markets, despite broader economic challenges like high borrowing costs and political instability in major economies such as Germany and France. By December, prices stabilized again as demand weakened amidst declining new orders and contracting construction activity across the Eurozone. Supply chains remained robust throughout the quarter, supported by consistent production levels and efficient logistics, ensuring steady market availability. While localized resilience in markets like Spain and Italy offered some support, widespread challenges in Germany and France limited overall demand growth. As the European Central Bank continues monetary easing in 2025, the sector's recovery and potential upward momentum in Silica prices will depend on more aggressive fiscal policies and improved investor confidence.
