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Diverging Price Trends for Silicon Metal Raw Materials: Petroleum Coke Prices Continue to Rise While Silicon Coal Prices Decline [SMM Weekly Review on Silicon Metal Raw Materials]

  • Feb 13, 2025, at 4:49 pm
[Silicon Metal Raw Material Price Trends Diverge: Petroleum Coke Prices Continue to Rise While Silicon Coal Prices Decline] This week, the price trends of silicon metal raw materials diverged, with petroleum coke continuing its previous upward momentum, while silicon coal prices declined in many regions.

 

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Silica: Silica prices remained stable this week. The silicon metal market continues to fluctuate downward, with overall operating rates at relatively low levels. Coupled with the fact that silicon plants that had previously reduced production and shut down furnaces have no plans to resume production in the short term, the downstream market's demand for raw material silica remains weak, and purchasing enthusiasm is average. Silica prices may have room for adjustment in the future. Currently, the mine-mouth price of low-grade silica in Yunnan is 340-350 yuan/mt. The mine-mouth price of high-grade silica in Inner Mongolia is 360-390 yuan/mt, in Hubei is 420-450 yuan/mt, and in Jiangxi is 440-460 yuan/mt.

Silicon Coal: Silicon coal prices declined in some regions this week. Silicon coal mines in various production areas have resumed normal production and transportation, but recent downstream purchase orders remain weak. Except for a few large silicon coal enterprises that had signed annual contracts and are delivering on schedule, new spot orders in the market are limited. Additionally, the silicon metal market continues to fluctuate downward, with new orders at the beginning of the year also remaining average. This week, silicon coal prices at mine-mouths were adjusted downward in many regions. On February 10, Xinjiang non-caking silicon coal prices were reduced to stimulate order demand, while Ningxia and Gansu regions announced price adjustments at noon on February 13.

Currently, the ex-factory price of silicon coal (granular) in Ningxia is 1,340-1,530 yuan/mt, with an average price decrease of 20 yuan/mt. The ex-factory price of silicon coal (mixed) in Ningxia is 1,150-1,170 yuan/mt, with an average price decrease of 30 yuan/mt. The ex-factory price of silicon coal (mixed) in Gansu is 1,140-1,160 yuan/mt, with an average price decrease of 30 yuan/mt. The ex-factory price of silicon coal (granular) in Gansu is 1,310-1,320 yuan/mt, with an average price decrease of 30 yuan/mt. The ex-factory price of silicon coal in Xinjiang is 1,800-1,900 yuan/mt, while the ex-factory price of non-caking silicon coal in Xinjiang is 1,100-1,120 yuan/mt, with an average price decrease of 50 yuan/mt. The ex-factory price of silicon coal in Shaanxi is 940-960 yuan/mt.

Petroleum Coke: Petroleum coke prices continued to rise significantly this week, driven by reduced supply and increased downstream demand. Currently, domestic petroleum coke supply has decreased significantly due to poor refining margins and maintenance shutdowns at some refineries, directly pushing up prices. Additionally, strong buying sentiment from downstream enterprises has provided robust support for the price increase. The latest data shows that the average price of petroleum coke from local refineries, as tracked by SMM, has reached approximately 3,133 yuan/mt, up 36% MoM. Meanwhile, Formosa Plastics' coke prices have risen to the range of 1,350-1,500 yuan/mt. This round of price increases may impose some cost pressure on downstream industries, but given the current supply-demand pattern, a short-term reversal is unlikely.

Electrodes: Electrode prices remained stable. Prices of electrodes used in silicon production have stayed unchanged, but costs continue to rise, and prices of electrodes used in other channels, such as ultra-high power, have slightly increased in line with cost trends. However, prices of electrodes used in silicon production remain stable due to weak downstream demand, significant losses for most silicon metal enterprises, and the long-term contract sales model. Nevertheless, as cost prices continue to be transmitted and updated, the possibility of price increases for electrodes used in silicon production in the future cannot be ruled out.

Currently, the ex-factory price of ordinary power carbon electrodes (diameter 960-1,100mm) is 7,400-7,800 yuan/mt. The ex-factory price of ordinary power graphite electrodes (diameter 960-1,100mm) is 11,000-12,000 yuan/mt. The ex-factory price of ordinary power graphite electrodes (diameter 1,272mm) is 12,000-13,000 yuan/mt. The ex-factory price of ordinary power graphite electrodes (diameter 1,320mm) is 13,000-14,000 yuan/mt.

 

 

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