For the Quarter Ending March 2026
Silicon Metal Price in North America
- In USA, the Silicon Metal Price Index fell by 11.53% quarter-over-quarter, reflecting tariff uncertainty and softer freight.
- The average Silicon Metal price for the quarter was approximately USD 2594.67/MT, reflecting balanced import demand.
- Silicon Metal Spot Price strengthened intermittently as buyers covered positions amid antidumping probes and strategic stockpiling.
- Silicon Metal Price Forecast indicates modest volatility driven by freight shifts, feedstock cost moves, and policy developments.
- Silicon Metal Production Cost Trend showed modest upward pressure from silica sand price increases and energy considerations.
- Silicon Metal Demand Outlook remains balanced with steady aluminium foundry pull and growing EV and solar-driven industrial requirements.
- Silicon Metal Price Index weakness was influenced by falling Santos-Houston freight rates and steady import arrivals from Brazil.
- Silicon Metal Spot Price and port inventory dynamics suggest range-bound trading unless freight or supply disruptions materially change.
Why did the price of Silicon Metal change in March 2026 in North America?
- Freight rates fell lowering landed costs, outweighing minor feedstock cost increases and reducing import parity.
- Import arrivals remained uninterrupted keeping port inventories comfortable while downstream demand stayed steady without strong restocking pressure.
- Antidumping probes and potential tariffs spurred precautionary buying early, yet logistical easing later tempered ongoing spot demand.
Silicon Metal Price in APAC
- In China, the Silicon Metal Price Index fell by 9.99% quarter-over-quarter, reflecting weaker downstream procurement and balanced supply.
- The average Silicon Metal price for the quarter was approximately USD 1249.33/MT, on FOB Shanghai basis with balanced inventories.
- Tight compliant petcoke and sales kept the Silicon Metal Spot Price supported despite thin transactions.
- Recent data underpin cautious Silicon Metal Price Forecast balancing modest restocking against seasonal downstream weakness.
- Limited low-sulfur petcoke supply and silica uptick pushed the Silicon Metal Production Cost Trend higher.
- Silicon Metal Demand Outlook remains mixed as polysilicon restocking offsets weak aluminium-alloy and panel procurement.
- Bonded inventories and steady exports tempered the Silicon Metal Price Index despite some supply cuts.
- Firm coastal utilisation, southwest relinings and producer discipline sustained seller pricing across FOB Shanghai channels.
Why did the price of Silicon Metal change in March 2026 in APAC?
- Downstream buying remained subdued after Lunar New Year, limiting immediate offtake from polysilicon and aluminium sectors.
- Stable feedstock costs but constrained low-sulfur petcoke availability raised cash-costs, supporting price floors despite weak demand.
- Comfortable export logistics and ample bonded inventories prevented sharp rallies despite selective production cuts and localized outages.
Silicon Metal Price in Europe
- In Germany, the Silicon Metal Price Index fell by 11.46% quarter-over-quarter, reflecting tighter import availability.
- The average Silicon Metal price for the quarter was approximately USD 1563.67/MT, reflecting Hamburg CFR.
- Silicon Metal Spot Price stayed range-bound as Norwegian exports met steady industrial demand, logistics normalized.
- Silicon Metal Price Forecast anticipates modest firmness driven by automotive alloy demand and reductant availability.
- Silicon Metal Production Cost Trend edged up as silica rose; rerouted coal freight increased costs.
- Silicon Metal Demand Outlook remains constructive as EV aluminium and silicones sectors sustain offtake levels.
- Silicon Metal Price Index showed tightening as anti-dumping duties excluded Chinese volumes, limiting low-cost competition.
- Inventory and export demand dynamics left German foundry buffers below cover, supporting near-term upward pressure.
Why did the price of Silicon Metal change in March 2026 in Europe?
- Ample Norwegian and French imports eased immediate upside despite rerouted coal lengthening reductant delivery times.
- Lean foundry inventories prompted spot buying, increasing short-term demand against backdrop of EU trade restrictions.
- Higher insurance and freight increased landed costs and energy-linked smelter charges pressured seller pricing marginally.
For the Quarter Ending December 2025
Silicon Metal Price in North America
- In the USA, the Silicon Metal Price Index fell by 3.53% quarter-over-quarter, reflecting inventory builds.
- The average Silicon Metal price for the quarter was approximately USD 2932.67/MT, reflecting CFR Illinois transactions.
- Silicon Metal Spot Price remained pressured as duty-free imports and oversupply pushed CFR offers lower.
- Silicon Metal Price Forecast indicates softening as destocking and cheaper energy lower smelter cash costs.
- Silicon Metal Production Cost Trend eased with lower natural gas, reducing cash costs, pressuring margins.
- Silicon Metal Demand Outlook remains muted as automotive and construction sectors plateau, limiting spot upside.
- Silicon Metal Price Index showed steady-to-bearish weekly prints amid balanced imports and regional smelter curtailments.
- Port inventories and logistics normalization softened rally prospects despite tariff protections, keeping trade flows well supplied.
Why did the price of Silicon Metal change in December 2025 in North America?
- Rising duty-exempt shipments from Brazil and Canada increased port inventories, creating supply overhang in December.
- Lower natural-gas prices reduced smelter cash costs, enabling sellers to cut offers and intensify competition.
- End-user destocking and seasonal automotive shutdowns weakened immediate offtake, reducing spot procurement ahead of year-end.
Silicon Metal Price in APAC
- In China, the Silicon Metal Price Index fell by 0.38% quarter-over-quarter, reflecting inventory overhang pressure.
- The average Silicon Metal price for the quarter was approximately USD 1298.00/MT based on FOB Shanghai.
- Silicon Metal Spot Price eased; elevated stocks pressured sellers, with the Price Index indicating softness.
- The Silicon Metal Price Forecast anticipates volatility into Q1, while the Price Index remains subdued.
- Silicon Metal Production Cost Trend stable with quartz and coke prices unchanged, limiting upward cost-push.
- Silicon Metal Demand Outlook shows cautious restocking by polysilicon and alloy buyers, insufficient to absorb.
- High inventories and muted exports weighed on the Silicon Metal Price Index, prompting lower offers.
- Domestic smelters ran full rates, keeping spot liquidity, the Silicon Metal Price Index stayed range-bound.
Why did the price of Silicon Metal change in December 2025 in APAC?
- Rising domestic production and higher social stocks created visible inventory overhang, reducing producers' pricing power.
- Soft export appetite and weaker aluminium-alloy orders limited demand, exacerbating downside pressure on FOB values.
- Stable feedstock costs and uninterrupted smelter run-rates prevented cost-push, allowing spot prices to drift lower.
Silicon Metal Price in Europe
- In Germany, the Silicon Metal Price Index fell 2.93% quarter-over-quarter, reflecting oversupply and weak demand.
- The average Silicon Metal price for the quarter was approximately USD 1679.00/MT, reflecting muted downstream consumption.
- Silicon Metal Spot Price softened as inventories rose and regional Price Index signalled bearish sentiment.
- Silicon Metal Price Forecast points modest near-term downside amid seasonal shutdowns and sustained imported availability.
- Silicon Metal Production Cost Trend remained elevated from energy and material costs, not lifting offers.
- Silicon Metal Demand Outlook stays subdued with automotive and construction sectors reducing purchasing and offtake.
- Silicon Metal Price Index movements reflected inventory builds, euro strength and export flows to Europe.
- Chinese producer restarts marginally increased global flows, pressuring CIF Hamburg offers and loosening spot liquidity.
Why did the price of Silicon Metal change in December 2025 in Europe?
- Inventory builds across major warehouses increased spot availability, exerting downward pressure on December quarter prices.
- Seasonal automotive shutdowns across Germany reduced alloy demand, diminishing offtake and weakening short-term pricing dynamics.
- Strong feedstock flows and softer freight lowered landed costs, preventing cost-push support for Hamburg offers.
For the Quarter Ending September 2025
Silicon Metal Price in North America
- In the USA, the Silicon Metal Price Index rose by 4.8% quarter-over-quarter, due to tight imports.
- The average Silicon Metal price for the quarter was USD 3028.67/MT on CFR Illinois basis.
- Inventory adequate, export demand subdued, keeping Silicon Metal Spot Price stable amid ample global shipments.
- Downstream procurement steady; Silicon Metal Demand Outlook supported by aluminum alloys, silicones, solar PV offtake.
- Rising energy and freight costs influenced CFR parity; Silicon Metal Production Cost Trend showed pressure.
- USITC probes and tariff risk tightened import availability, informing Silicon Metal Price Forecast for Q4.
- High domestic furnace utilisation and occasional outages limited supply upside for Silicon Metal Price Index.
- Market expects range-bound movement; Silicon Metal Spot Price sensitivity remains given Chinese export and shipping.
Why did the price of Silicon Metal change in September 2025 in North America?
- Surging Chinese output increased global availability, lowering import parity and pressuring US landed prices marginally.
- Logistics improvements reduced freight costs, augmenting imports and easing Silicon Metal Price Index upward pressure.
- Domestic demand steady while construction slowdown tempered offtake, leaving supply surplus influencing September pricing volumes.
Silicon Metal Price in APAC
- In China, the Silicon Metal Price Index rose by 2.57% quarter-over-quarter in Q3 2025, driven by Xinjiang production cuts.
- The average Silicon Metal price for the quarter was approximately USD 1383.33/MT, reflecting tighter supplies and steady downstream procurement.
- Silicon Metal Spot Price stayed supported as Price Index resilience followed inventory drawdowns and orders.
- Silicon Metal Price Forecast indicates modest upside if Xinjiang outages persist and polysilicon demand strengthens.
- Silicon Metal Production Cost Trend is rising as electrode and coking coal futures push costs.
- Silicon Metal Demand Outlook remains mixed as polysilicon supports prices while aluminum alloy consumption stays subdued.
- Silicon Metal Price Index volatility moderated despite weekly spikes, as social inventories oscillated with regional production resumptions.
- Major producers partially resumed capacity while social stocks fluctuated, balancing spot tightness against increasing national output projections.
Why did the price of Silicon Metal change in September 2025 in APAC?
- Increased national production in September, driven by Xinjiang resumptions, expanded available supply and tempered upward price pressure.
- Social inventories rose marginally, easing spot tightness and providing sellers with more willingness to offer cargoes.
- Downstream demand remained cautious, with aluminum alloy buyers procuring just-in-time and polysilicon support insufficient to absorb surplus.
Silicon Metal Price in Europe
- In Germany, the Silicon Metal Price Index fell by 7.78% quarter-over-quarter, reflecting weaker downstream demand overall.
- The average Silicon Metal price for the quarter was USD 1729.67/MT, supported by CFR Hamburg stability.
- Silicon Metal Spot Price remained range bound as balanced imports and muted procurement kept availability high.
- Silicon Metal Price Index showed muted volatility while higher freight and carbon costs offset demand weakness.
- Silicon Metal Production Cost Trend rose as coking coal and carbon compliance expenses increased supplier costs.
- Silicon Metal Demand Outlook remains cautious with automotive and PV sectors destocking, limiting aluminum-silicon alloy orders.
- Silicon Metal Price Forecast shows upside risk if Rhine logistics deteriorate or Chinese export availability tightens.
- Major producer operations mostly stable; Chinese restarts and Xinjiang cuts remain key swing factors for exports.
Why did the price of Silicon Metal change in September 2025 in Europe?
- Chinese production restarts and prior Xinjiang cuts increased global availability, easing upward pressure on German prices.
- Freight and carbon compliance costs rose, partially offsetting weaker demand and supporting spot offers marginally overall.
- Elevated inventories and subdued downstream procurement constrained immediate call-offs, maintaining range-bound Price Index movement through September.
For the Quarter Ending June 2025
Silicon Metal Price in North America
- Silicon Metal Price Index rose by 9.6% quarter on quarter compared to Q1 2025, reflecting the combination of robust demand and supply-side pressures.
- Silicon Metal Production Cost Trend saw moderate relief in raw material expenses, but elevated energy and freight costs especially in late Q2 limited cost easing and contributed to price firmness.
- Silicon Metal Demand Outlook remained strong across multiple downstream sectors: the automotive industry (notably EV/PHEV), aluminum alloy production, solar energy, and semiconductor manufacturing all showed solid or accelerating consumption throughout the quarter.
- Supply conditions were steady from domestic producers like Ferroglobe and Mississippi Silicon, but global trade uncertainties (including potential antidumping tariffs on imports from Vietnam, Angola, Australia, Norway, and Thailand) weighed on near term availability.
- At the start of the quarter, prices experienced modest upward momentum (around +0.5 % CFR Illinois Port) due to sustained demand, the Semiconductor and EV/PHEV markets were especially supportive amid stable supply dynamics.
- Mid quarter, supply disruptions triggered by severe flooding in the Ohio and Mississippi river valleys tightened domestic supply, prompting force majeure declarations and pushing spot prices up ~1.5%, raising concern among downstream alloy and silicone producers.
- By the end of the quarter, freight cost spikes and slower import logistics (particularly from Brazil, Norway, and China), combined with ongoing trade tension, exerted incremental upward pressure on prices despite some demand slowdown in aluminum and silicone procurement.
Why did the price of silicon metal change in July 2025 in USA?
The Silicon Metal Price Index decreased slightly due to improving trade flows, weakening freight rates, and modest restocking by downstream users after Q2 tightness. The North America Metal silicon price index was about US $3.06/kg in July, down ~0.3% from June 2025 levels.
Silicon Metal Price in APAC
- The APAC Silicon Metal Price Index fell by approximately 17.8% quarter on quarter, reflecting continued oversupply and weak absorption across key regional markets in China and Southeast Asia.
- Metal Price Index remained under strain due to persistent oversupply and weak downstream purchasing sentiment.
- Silicon Metal Production Cost Trend stayed relatively stable—with modest relief from raw material cost declines (silica, silicon coal), but those weren’t enough to offset price weakness.
- Silicon Metal Demand Outlook remained subdued across key consuming sectors (aluminium alloy, polysilicon/solar, automotive), with most buyers depleting existing stocks rather than initiating new orders—especially in export markets like Japan and South Korea.
- Silicon Metal Price Forecast for APAC suggests continued softness into the near term unless demand revives or inventory levels correct; medium-term recovery is possible if deferred restocking occurs later in 2025.
- On the supply side, production continued ramp ups in Xinjiang, Inner Mongolia, Sichuan (including newly commissioned capacities), while some maintenance shutdowns in Yunnan/Qinghai had only minor impact, so output continued to exceed demand across Q2.
- Demand side: downstream industries remained cautious; order activity stayed minimal, carried by slow industrial growth and global uncertainties dampening consumption expectations.
- Why did the price of Silicon Metal change in July 2025 in Asia?
In early July, Silicon Metal Price Index in APAC began to increase, reversing several months of decline. The rebound was driven by unexpected production cuts in major Chinese hubs especially Xinjiang—where facilities curtailed output in late June, tightening supply sharply. As a result, futures rose month on month and spot quotes climbed; this supply shock intersected with slightly improved downstream inquiries, triggering buyers to step in ahead of tighter condition
Silicon Metal Price in Europe
- Europe Silicon Metal Price Index in Q2 2025 declined by approximately 20.2% quarter on quarter, reflecting persistent oversupply and weak downstream demand across the region.
- Silicon Metal Production Cost Trend saw moderate declines in raw material and energy inputs, European freight rates eased, and silica and silicon coal prices remained stable, providing minimal cost support amid falling commodity prices.
- Silicon Metal Demand Outlook remained soft in Europe: key sectors such as aluminium alloys, automotive and solar downstream industries continued to destock and postpone procurement, prioritising inventory drawdowns over fresh purchases.
- Silicon Metal Price Forecast for the region suggests that unless industrial and green energy demand rebounds materially later in 2025, prices are likely to remain under pressure in the short term, with potential recovery only emerging if supply tightens or demand improves.
- By the start of the quarter, supply was ample: imports from China, Norway, France and other suppliers remained steady; Chinese exports rose sharply, intensifying global oversupply pressures. Freight costs along major Asia Europe routes declined, allowing cheaper shipments into European markets.
- Mid quarter trading saw CFR Hamburg prices slide—weekly drops of 1.3–3.5% were reported—as subdued industrial activity and ample global inventories sustained bearish sentiment. Although European production remained stable, it simply added to the excess.
- By the end of the quarter, inventory levels across European warehouses remained elevated, trading volumes thin, and buyer sentiment cautious—further reinforcing downward momentum in the Price Index.
Why did the price of Silicon Metal change in July 2025in Europe?
In early July, the Europe Silicon Metal Price Index posted a further decline month on month, as reported in the July 2025 metal silicon price index; the decrease was driven by continued weak downstream demand in Europe, easing logistics costs, and persistent oversupply from China and secondary suppliers.
