silicon metal Pricing Assessment

Markets Covered:

China

India

United States

United Kingdom

Silicon Metal Price Trend, Analysis and Forecast

Q1 2024

In Q1 2024, the silicon metal market displayed region-specific trends, reflecting varied economic and industrial dynamics. In India, prices witnessed a slight upward trend, driven by increasing demand in the steel and electronics industries and supportive government policies promoting local manufacturing. In contrast, China’s market experienced a marginal decline due to an oversupply and reduced downstream demand from the polysilicon and chemical sectors. Meanwhile, both the UK and USA observed a moderate increase in prices, attributed to robust demand from the automotive and renewable energy sectors, along with restocking efforts. These trends underscore the complex interplay of supply-demand dynamics and regional economic factors influencing silicon metal pricing.

Q2 2024

In Q2 2024, the global silicon metal market witnessed a notable decline across several major regions. In India, the decrease was driven by reduced demand from key industrial sectors, combined with local production challenges. Similarly, China, as the largest producer, experienced a downturn due to weaker domestic consumption and a slowdown in key manufacturing sectors like electronics and construction. This trend was mirrored in both the UK and the USA, where decreased industrial activity and lower demand from the renewable energy and automotive industries contributed to the overall drop in prices. The combined effects of slower economic growth, high energy costs, and reduced production in these countries led to a general decrease in silicon metal prices in the second quarter of 2024.

Q3 2024

In Q3 2024, the global silicon metal market experienced a mixed trend across key regions. India saw a decrease in prices, reflecting reduced demand and production challenges. Similarly, China, a major player in the silicon metal market, also witnessed a downward trend, driven by slower industrial growth and increased competition in the sector. In contrast, the UK and the USA experienced a slight increase in prices during the same period, supported by steady demand in the electronics and renewable energy sectors. These regional variations indicate a balancing act in global supply and demand, with markets responding differently to local economic and industrial conditions.

Q4 2024

In Q4 2024, the global silicon metal market experienced divergent trends across key regions. India witnessed a notable decline in prices, driven by reduced demand from key industries such as construction and electronics, along with a surplus in domestic supply. Similarly, China saw a decrease in silicon metal prices, influenced by weaker demand from the steel and solar sectors, coupled with slower economic recovery. In contrast, the UK and USA markets showed a slight increase in prices, attributed to steady demand from the automotive and renewable energy sectors, where silicon metal is crucial for manufacturing electric vehicles and solar panels. The combined trends indicate a varied global market response, with emerging market conditions shaping regional price fluctuations.

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Track 's silicon metal price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in silicon metal prices

Global Economic Downturn (2019-2020): The worldwide economic slowdown caused significant reductions in industrial and consumer demand for silicon metal, leading to a price decline.
COVID-19 Pandemic (2019-2020): The pandemic disrupted the silicon metal supply chain and reduced demand from the automotive and electronics sectors, causing price instability.
Global Supply Chain Disruption (2022): Geopolitical tensions, such as the Russia-Ukraine conflict, created supply chain challenges, leading to volatility in silicon metal prices and raw material availability.

These events highlight the vulnerability of the silicon metal market to global economic and geopolitical shifts, emphasizing the need for flexible strategies to manage market fluctuations.

Methodology and Specifications

silicon metal Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: Aggregated from global commodity exchanges, industry reports, and proprietary databases for the most current insights.
On-the-Ground Intelligence: Insights from producers, suppliers, traders, and end-users in major silicon metal production hubs.
Supply Chain Monitoring: Tracking the entire silicon metal supply chain, including raw material (quartz and carbon) availability, production levels, and logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: Monitoring global events and their effects on silicon metal prices and supply chains.
Economic Shifts: Evaluating macroeconomic trends and their influence on silicon metal demand and pricing.

Production Capacity and Supply Analysis

Current Production Monitoring: Comprehensive tracking of operational status and output levels of silicon metal production facilities.
Future Capacity Projections: Assessing new projects, expansions, and technological advancements to forecast future supply trends.

Demand Forecasting

Sectoral Demand Analysis: Evaluating demand trends in key sectors, such as solar, automotive, and electronics.
Global Demand Dynamics: Analyzing regional variations in demand and their impact on global pricing.

Pricing Model Development

Dynamic Pricing Models: Utilizing econometric models for accurate price forecasting based on real-time and historical data.
Scenario Analysis: Conducting best-case, worst-case, and most likely scenario assessments.

Reporting and Client Support

Detailed Reports: Providing actionable insights with comprehensive assessments and future forecasts.
Ongoing Support: Ensuring clients have access to up-to-date information and expert advice.

Specifications

Molecular Weight[g/mol]

CAS No

HS Code

28046900

Molecular Formula

Si

silicon metal

Silicon metal is a key raw material derived from quartz and carbon used extensively in the production of aluminum alloys, semiconductors, solar panels, and silicones. Known for its high purity and versatile applications, silicon metal is essential in industries like automotive, electronics, and renewable energy. Its thermal stability, conductivity, and resistance to oxidation make it an indispensable material for advanced manufacturing processes.

Packaging Type

Container

Grades Covered

N/A

Incoterms Used

CIF Nhava Sheva (China), FOB Shanghai, CIF Southampton (China), CIF Houston (Brazil)

Synonym

Silicon Metal, Si Metal

Quotation Terms:

25-30 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property	Specifications
Chemical Formula	Si (Silicon)
Purity Grades	98% – 99.999% Si
Density	2.33 g/cm³
Melting Point	1414°C
Boiling Point	3265°C

Applications

• Semiconductors: Chips, wafers, and electronic components • Solar Panels: Photovoltaic cells and modules • Automotive: Aluminum-silicon alloys for engine components • Construction: Silicone sealants and materials • Chemical Industry: Silicones, adhesives, and coatings • Electrical: Insulators and conductors • Other: Batteries, refractory materials, and 3D printing

Disclaimer

Silicon Metal price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for silicon metal. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What factors influence silicon metal? +

Several factors can influence the price and production of silicon metal, including:
• Supply and Demand: The global supply and demand dynamics for silicon metal are significant drivers. Increased demand in industries like electronics, solar energy, automotive, and construction can push prices higher, while a surplus may result in price decreases.
• Energy Costs: Silicon metal production is energy-intensive, particularly in the high-temperature furnaces used during the process. Fluctuations in energy prices, especially electricity and natural gas, can impact production costs and influence pricing.
• Raw Materials: Silicon metal is primarily produced from quartz and carbon sources. The availability and cost of raw materials like quartz, petroleum coke, and coal can affect production costs.
• Exchange Rates: Since silicon metal is traded globally, currency fluctuations, particularly the US dollar (in which prices are often quoted), can influence pricing.
• Geopolitical Factors: Political instability in key silicon-producing regions, such as China, the US, or Russia, can disrupt supply chains, leading to price volatility.
• Technological Advancements: Innovations in production methods, such as more energy-efficient furnaces, can lower costs, thereby influencing silicon metal prices.
• Environmental Regulations: Stringent environmental regulations and carbon pricing can raise production costs, affecting the price of silicon metal.
• Global Economic Conditions: The global economic environment plays a key role. Economic growth drives industrial demand, especially in electronics, energy, and construction, while a slowdown can depress demand, affecting prices.

How do feedstock prices impact silicon metal? +

Feedstock prices, particularly quartz, petroleum coke, and other carbon-based materials, directly affect the cost of producing silicon metal. A rise in the cost of these feedstocks increases the overall production costs of silicon metal, which can result in higher prices in the market.

What is the relationship between silicon metal prices and inflation? +

Silicon metal prices are influenced by inflation through increased production costs (raw materials, energy, labor) and potential currency depreciation. Inflation can dampen consumer demand, particularly in industries like construction and automotive, which may affect silicon metal prices. However, factors such as rising energy costs or tighter raw material supply chains may still push prices upward despite inflation.