Metal Silicon Prices

Metal Silicon Prices June 2024

In the second quarter of 2024, metal silicon prices in the United States reached 2474 USD/MT in June. Stable industrial demand, particularly from the solar and automotive sectors, together with balanced supply, influenced this pricing. Year-on-year growth was remarkable, due to economic developments and advancements in technology, indicating a strong market environment.

China's metal silicon market in Q2 2024 faced significant price drops, reaching 2078 USD/MT, due to oversupply and low demand. Increased production during the monsoon season, coupled with lackluster consumption in the aluminum and photovoltaic sector, led to consistent declines. The market remained bearish, reflecting persistent challenges and weak sentiment.

Germany's metal silicon market showed stability in the second quarter of 2024, even in the face of declining sales of electric vehicles (EVs), thanks to consistent demand from the construction and automotive industries. During Q2, prices fluctuated very little, indicating a solid industrial demand and supply balance and a healthy market outlook. At the end of Q2, the metal silicon prices in Germany stood at 2399 USD/MT.

Metal Silicon Prices December 2023

The metal silicon prices in the USA for Q4 2023 reached 3570 USD/MT in December. The market in the USA saw steady price growth driven by strong market fundamentals. The lack of factory closures ensured operational stability, while in-depth analyses of trends, seasonality, and correlations highlighted the region’s adaptive resilience. These factors, combined with supply-demand shifts, shaped a steadily evolving market during the quarter.

The price of metal silicon in China for Q4 2023 reached 2070 USD/MT in December. In Q4 2023, the market displayed moderate price growth, underpinned by a stable operational environment. With no plant shutdowns, supply chains remained robust. Comprehensive evaluations of market trends, seasonality, and pricing dynamics showed a balanced response to global demand, leading to a stable market performance throughout the quarter with subtle price movements.

The price trend for metal silicon in Europe for Q4 2023 reached 2510 USD/MT in December. The market showed consistent growth, particularly in Germany, where demand and supply forces contributed to rising prices. A stable operational landscape, free of plant shutdowns, combined with detailed trend and seasonal analyses, allowed the market to adapt efficiently to changing dynamics, concluding the quarter on a positive note.

The price trend for metal silicon in Southeast Asia for Q4 2023 reached 2980 USD/MT in December. The market navigated a balanced trajectory, benefiting from stable operations and minimal disruptions. Supply-demand dynamics were shaped by seasonal factors, while trend analyses revealed adaptive market behavior. As regional production remained steady, the market displayed resilience, managing pricing movements with strategic flexibility throughout the quarter.

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 the current price but also provides insights into metal silicon historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into metal silicon 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

Q2 2024:

During the second quarter of 2024, the European metal silicon market remained stable, largely due to a stable demand and supply scenario. Stable industrial operations, consistent energy prices, and a stable geopolitical scenario helped sustain steady prices. Germany, saw notable price fluctuations, showed stable trends during Q2, driven by steady consumption in the construction and automotive industries, despite a dip in EV sales. Year-on-year growth was robust, while quarter-on-quarter figures showed minor decline, maintaining overall stability. The robust market fundamentals in Europe are emphasized by the lack of notable changes between both halves of the quarter.

Q1 2024:

In Q1 2024, the metal silicon market in Europe saw an upward pricing trends, largely influenced by environmental initiatives affecting steel production. The demand for metal silicon rose as the European Union emphasized greener steel production. Higher energy costs due to increasing electricity charges pushed manufacturers to seek cheaper renewable sources, further impacting prices. Germany, a key market, saw price fluctuations, with a temporary dip in late February as construction-related consumption slowed.

Q4 2023:

In Q4 2023, Europe’s market demonstrated resilience amid a blend of market dynamics. With uninterrupted operations due to the absence of factory shutdowns, the region maintained production stability. Germany, being a pivotal market, experienced shifts driven by three key elements: market trend assessments, seasonality impacts, and pricing correlations. These factors contributed to an upward pricing trend, reflecting the market’s ability to adapt to evolving pressures. The quarter unfolded with slight price variations between the beginning and end, suggesting an underlying complexity in market movements. The European market's performance in this period highlighted its ability to navigate challenges, delivering a steady trajectory of growth amidst fluctuating demand and supply forces.

Detailed price information for metal silicon can also be provided for an extensive list of European countries.

North America Metal Silicon Price

Q2 2024:

The North American metal silicon industry in the second quarter of 2024 saw stable conditions due to balanced supply and demand dynamics. Expanded manufacturing capacities in key regions prevented product shortages, while increasing product consumption in the solar and automotive industries helped maintain stable prices. In the United States, prices remained largely unchanged during Q2, indicating a steady environment. Compared to the previous year, there was considerable price growth, due to increased industrial activity and advancements in technology.

Q1 2024:

In Q1 of 2024, the North American metal silicon industry saw stable pricing trends despite the challenges. The reduction in steel manufacturing has tightened supply, helping stabilize product prices. Consumption from various industries and infrastructure projects further bolstered market conditions. The USA spot sector exhibited stability, with a cautious but steady buyer approach amidst uncertainties. Scrap market recovery also contributed to price stability. As summer approached, seasonality led to a gradual demand rise, supporting the upward pricing momentum throughout the quarter.

Q4 2023:

In North America, the market presented a dynamic and evolving landscape, with robust factors influencing prices. The quarter stood out for its operational stability, as no factory closures were reported, allowing uninterrupted production. Market trends in the USA, the focal point of regional developments, were shaped by three core elements: trend analysis, seasonal shifts, and market correlations. These factors, when examined closely, revealed an adaptive market resilience, with pricing showcasing a steady upward trajectory. The quarter concluded with a reflection on the subtle price fluctuations witnessed between the early and late stages, indicating the complicated mix of supply-demand dynamics.

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.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Metal Silicon Price

Q2 2024:

The Asia-Pacific metal silicon market in Q2 2024 faced a significant downturn, mainly due to excess availability and sluggish post-pandemic demand stabilization. Increased production capacities and growing stocks in industries, such as electronics and automotive pushed prices downward. In China, the monsoon season boosted output, exacerbating excess product supply issues amidst weak consumption in the aluminum and photovoltaic sectors, leading to a continuous price drop. Year-on-year data confirmed a continued downward trend, with further decline from the first quarter of 2024.

Q1 2024:

The Asia Pacific industry for metal silicon showed an upward pricing trend in the first quarter of 2024, with a marked increase from both the last quarter and the same period last year. High product consumption in the construction and automotive industries helped drive prices up, further supported by improving regional conditions. Production disruptions and supply issues, particularly in China, added pressure to the market. China witnessed price stability despite an uneven supply-demand balance.

Q4 2023:

The Asia Pacific market maintained a steady course despite navigating a complex set of market forces. Stability was reinforced by a lack of factory closures, ensuring continuous operations across the region. In China, the key market player, three principal factors shaped pricing trends: a thorough analysis of market patterns, seasonal shifts, and correlation assessments. These insights revealed a market that displayed resilience with nominal growth. Throughout the quarter, there was a nuanced evolution in pricing, signaling adaptive responses to supply-demand dynamics. This quarter closed with pricing reflective of these forces, capturing the subtle interplay of global and regional market pressures.

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

Latin America Metal Silicon Price

Latin America's metal silicon market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in metal silicon prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, economic fluctuations and currency devaluation are critical factors that need to be considered when analyzing metal silicon pricing trends in this region.

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

Metal Silicon Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Metal Silicon Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” 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 industry size reached US$ 7.6 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 11.8 Billion, at a projected CAGR of 5.10% during 2023-2032.

• The inc
• reasing 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.
• 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.
• Furthermore, an increase in infrastructure development and general development across the various countries has further expanded the existing markets.
• 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 industry, 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 October 2023, Ferroglobe bought a high-purity quartz mine in South Carolina, USA. This acquisition was made to ensure that Ferroglobe had access to this important commodity, which was expected to help it fulfill the expanding demand for high-purity silicon metal.
• In August 2024, SIMPAC Inc., a South Korean ferroalloy producer, established a joint venture with Brazilian manufacturer RIMA Industrial SA, which is leading producer of silicon-based alloys and metals. Under this joint venture, both companies will produce low-carbon, high purity silicon.

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.

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.