Asia
In Asia, silicon metal prices during Q4’25 stayed mostly stable, even as supply conditions changed. In China, production increased steadily, especially in regions like Xinjiang, which led to a gradual rise in overall inventories. This higher output created some supply pressure, but weak downstream demand balanced the market. Buyers from the wafer and polysilicon sectors remained cautious, placing orders slowly and often waiting for clearer market signals. Raw material costs, especially for silicon coal, remained steady, which helped prevent sharp price movements. Overall, the market experienced a tug-of-war between rising supply and soft demand, resulting in limited price movement rather than strong growth.
Europe
In Europe, silicon metal prices showed stability throughout Q4’25, supported by consistent demand but weighed down by trade and policy uncertainty. Low priced imports continued to pressure the market, leading European producers to push for safeguard or anti-dumping actions. At the same time, production cuts announced by a major regional producer reduced future supply expectations, helping prices hold firm. The new safeguard measures on ferro-silicon indirectly supported silicon demand, as some steelmakers increased substitution toward silicon metal. However, buyers remained careful with purchasing, as market rules and trade risks were still adjusting.
North America
In North America, silicon metal prices during the fourth quarter remained steady with limited volatility. Demand from industrial and chemical users stayed stable, while supply was largely balanced. Buyers avoided aggressive stocking and focused on short-term needs due to global uncertainty and mixed signals from overseas markets. The region was less affected by trade measures compared with Europe, which helped maintain a relatively calm pricing environment. Overall, the market moved sideways without strong upward or downward pressure.
Analyst Insight
According to Procurement Resource, Silicon prices are expected to stay firm in early 2026, with trade policies, substitution trends, and supply controls playing a key role in shaping demand.