Metal Silicon Price Trend

Metal Silicon Prices December 2023

Meticulous trend analyses, intricate correlation scrutiny, and nuanced seasonality assessments unveiled the nuanced underpinnings of market forces in the USA. Reflecting this complexity, silicon metal (4-4-1) CFR Illinois Port in the USA exhibited a noteworthy 7% surge from the preceding quarter. The price for metal silicon in the USA reached 3570 USD/MT in December 2023.

Robust trend analyses, nuanced correlation scrutiny, and meticulous seasonality evaluations unraveled the underlying market dynamics, surpassing superficial narratives. Reflecting resilience, silicon metal (4-4-1) FOB Shanghai in China showed a nominal 4.7% uptick from the preceding quarter. The price for metal silicon in the China reached 2070 USD/MT in December 2023.

The silicon metal market in Europe unfolded a fascinating narrative marked by multifaceted dynamics. Striking a symphony of market forces, the quarter remained resilient, void of reported plant shutdowns, a testament to operational continuity. The price for metal silicon in the Europe reached 2510 USD/MT.

Amidst Q4 2023, the silicon metal market in the APAC region unfolded with distinct nuances, which was marked by a resilient trajectory, the sector navigated challenges with adept equilibrium. The price for metal silicon in Southeast Asia reached 2980 USD/MT.

Metal Silicon Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Metal Silicon Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of metal silicon pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of metal silicon at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of metal silicon price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing metal silicon price fluctuations, such as supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Metal Silicon Market Analysis

The global metal silicon market size reached 492.2 Million tonnes in 2023. By 2032, IMARC Group expects the market to reach 859.6 Million tonnes, at a projected CAGR of 6.40% during 2023-2032.

• The increasing demand for metal silicon, particularly its incorporation in aluminum alloys, allows the making of numerous products in the automotive and aerospace sectors, which is providing a considerable thrust to the market growth.
• Moreover, the continued focus on renewable energy alternatives, such as solar panels, also contributes to the expanding use of the metal silicon in crucial structural components, which is fueling the market growth.
• As per Tigo, the United States is the second largest energy consumer in the world, which underscores the importance of diversifying the energy mix. The U.S. has a residential solar panel adoption rate of 3.4%, Homeowners are also provided with a variety of state and local incentives, as well as a federal investment tax credit of 30% for installation costs.
• The growth in the electronics industry and consumer technologies in various parts of the world has increased the demand for metal silicon, which is crucial in mechanical semiconductors and electronic components, which is facilitating the market growth.
• In the various growing countries, there is also a strong construction industry that necessitates the use of silicon and the metal silicon that goes into the manufacture of silicones and other necessary material, which is another growth-inducing factor.
• The growth in the chemical industry has also contributed to the demand for metal silicon to synthesize a raft of important and widely used silicon-based chemicals and compounds.
• The accelerating steel industry has also greatly increased the demand for the chemical to deoxygenate the iron and improve the metal quality.
• Additionally, the increasing need for energy and material use efficiency in production and other related operations has also driven the demand for silicon-containing materials, which is accelerating the market growth.
• As per Exxon Mobil Corporation, the global demand for energy reaches about 660 quadrillion British thermal unit (BTU) in 2050, up about 15% versus 2021, reflecting a growing population and rising prosperity.
• Furthermore, an increase in infrastructure development and general development across the various countries has further expanded the existing markets.
• Some of the other factors include increased technology for making metal silicon and the benefits inherent in the use of metal silicon.
• The rising demand for metal silicon in the healthcare sector for manufacturing medical devices and implants contributes to market expansion.
• Furthermore, the growing trend of urbanization and industrialization in developing economies augments the demand for metal silicon in various applications.
• Apart from this, the availability of abundant silicon reserves in key producing regions ensures a steady supply chain, further fostering market growth.

Metal Silicon News

The report covers the latest developments, updates, and trends impacting the global metal silicon market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the metal silicon price trend.

Latest developments in the metal silicon industry:

• In 2022, Wacker Chemie AG announced the expansion of its production capacity for silicon metal at Holla, Norway. The Munich-based chemical company has already started a feasibility study to this effect. The construction of a new furnace is planned, which will increase capacity in Holla by around 50 percent of its current level.
• In 2020, Elkem ASA closed the previously announced acquisition of Polysil, a leading Chinese silicone elastomer and resins material manufacturer. Polysil has strong positions in baby care and food grade silicones, as well as silicone products for the electronics and medical markets.

Product Description

Metal silicon, also known as silicon metal or industrial silicon, is a crucial raw material with diverse applications across various industries. Produced through the carbothermic reduction of quartz and carbon in electric arc furnaces, metal silicon typically consists of silicon and small amounts of impurities such as iron, aluminum, and calcium. With its high silicon content ranging from 98% to 99.9%, metal silicon serves as a key component in the production of numerous silicon-based products and alloys.

One of the primary applications of metal silicon is in the metallurgical industry, where it is used for alloying purposes to enhance the properties of different metals. Metal silicon is widely utilized in the production of aluminum alloys, where it acts as a deoxidizing agent, improving the mechanical properties and castability of aluminum. Additionally, metal silicon is essential in the manufacturing of ferrosilicon alloys, which find applications in steelmaking, foundry, and welding industries. These alloys help in controlling the grain size and improving the strength and corrosion resistance of steel.

In the chemical industry, metal silicon serves as a precursor for the production of various silicon-based chemicals and compounds. It is a key ingredient in the synthesis of silicones, which are widely used in sealants, adhesives, lubricants, and coatings due to their exceptional thermal and chemical resistance properties. Moreover, metal silicon is utilized in the production of silanes, silicates, and silicon carbide, which find applications in electronics, ceramics, and abrasives industries.

Regional Coverage

The report provides a detailed analysis of the metal silicon market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the metal silicon price trend.

Global Metal Silicon Price

The report offers a holistic view of the global metal silicon pricing trends in the form of metal silicon price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of metal silicon but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes. 

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed metal silicon demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Metal Silicon Price

In Q4 2023, the silicon metal market in Europe unfolded a compelling narrative marked by multifaceted dynamics. Striking a symphony of market forces, the quarter remained resilient, void of reported plant shutdowns, a testament to operational continuity. In Germany, a bastion of market evolution, three paramount elements steered the pricing trajectory, each echoing a nuanced resonance.

This analysis can be extended to include detailed metal silicon price information for a comprehensive list of countries.

North America Metal Silicon Price

In Q4 2023, the silicon metal market in North America unfurled its narrative with compelling intricacies. Marked by robust dynamics, the quarter witnessed a confluence of factors shaping the pricing landscape. The absence of reported plant shutdowns underscored operational continuity, fostering a resilient market.

Specific metal silicon historical data within the United States and Canada can also be provided.

Middle East and Africa Metal Silicon Price

The report explores the metal silicon pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on metal silicon prices for countries can also be provided.

Asia Pacific Metal Silicon Price

Amidst the intricate tapestry of Q4 2023, the silicon metal market in the APAC region unfolded with distinct nuances. Marked by a resilient trajectory, the sector navigated challenges with adept equilibrium. The absence of reported plant shutdowns underscored operational stability.

This metal silicon price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Metal Silicon Price

The analysis of metal silicon prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of metal silicon pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
• The study examines factors affecting metal silicon price trend, including supply-demand shifts and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The metal silicon price charts ensure our clients remain at the forefront of the industry.