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Views: 0 Author: Site Editor Publish Time: 2025-01-20 Origin: Site
Industrial silicon prices in 2024 showed a consistent downward trend, with price ranges fluctuating between 11,000–16,000 CNY/ton, marking significant drops.
Across all four quarters, no substantial rebound was observed, and prices fell to historic lows by Q4.
The average annual operating rate was 53.47%, down by 0.28% year-on-year.
Total annual output reached 4.89 million tons, reflecting a 24.98% year-on-year increase, primarily driven by production expansions in Xinjiang, Inner Mongolia, and Gansu.
Despite increased production, operating rates declined significantly due to capacity overhang and operational inefficiencies.
Public warehouses at Kunming, Guangzhou Port, and Tianjin Port reported continued inventory accumulation, pushing total supply chain inventory to over 1 million tons, a historic high.
High inventory levels became a significant challenge for market digestion, further pressuring prices.
Export volume for industrial silicon reached 732,000 tons, up 27.75% year-on-year, accounting for 14.97% of total production.
Fierce competition among exporters and aggressive pricing by foreign buyers, especially in Europe and Southeast Asia, led to significant price reductions in the FOB market.
Electricity Costs: Key regions like Sichuan and Yunnan faced significant impacts due to electricity reforms and the cancellation of preferential rates.
Raw Material Costs: While prices for key inputs like coal and petroleum coke saw moderate declines, production costs remained elevated overall, exacerbating profitability pressures for producers.
Polysilicon demand dropped sharply, with monthly consumption declining from a high of 200,000 tons to 115,000 tons by December.
Market restructuring intensified as smaller players exited the sector.
Annual consumption of industrial silicon in the organosilicon sector rose to 1.259 million tons, accounting for 25.73% of total consumption.
Procurement shifted toward market-based pricing models, particularly index pricing.
Consumption remained steady at 760,000 tons, contributing 15.55% of total industrial silicon usage.
Despite steady demand, rising costs of scrap aluminum tempered overall growth in the sector.
A nationwide shift to unified grid electricity pricing is expected, with electricity costs trending upward.
Policy reforms in major production regions like Sichuan and Yunnan will significantly affect production costs and operational strategies.
Polysilicon:
Demand is projected to decline further, with its share of total industrial silicon consumption expected to fall below 40%.
Organosilicon:
The organosilicon sector is likely to increase its share to 27%–28%, supported by growing applications in the chemical and manufacturing industries.
The ongoing consolidation of the industrial silicon industry will result in the closure of less competitive smaller facilities, alleviating oversupply issues.
Domestic consumption is projected to slow, maintaining exports at around 14% of total production.
The industrial silicon sector is expected to accelerate its transition toward scale-driven, efficient production models.
Increasing global demand for high-purity silicon for solar energy, semiconductors, and advanced materials will shape future market opportunities.
