Monthly Silicon Market Report Nov 2025

Contents

1. Market Highlights 2
2 Economy and Policy 2
2.1 China launches fifth batch of third-round of environmental inspections 2
2.2 China to extend suspension of 24% tariff on U.Asian Metal CopyrightP in US 6 3.Asian Metal CopyrightS. goods 2
3. Market Movements 2
3.1 Chinese market 2
3.1.1 Silicon metal 97%min EXW 2
3.1.2 Silicon metal 7-8-3 delivered 2
3.1.3 Silicon metal 5-5-3 delivered 2
3.1.4 Silicon metal 4-4-1 delivered 2
3.1.5 Silicon metal 3-3-03 delivered 2
3.1.6 Silicon metal 2-2-02 delivered 3
3.1.7 Silicon metal 4-2-1 delivered 3
3.1.8 Polysilicon 9N delivered 3
3.1.9 Silicon Powder 99%min delivered 3
3.1.10 Chinese ferrosilicon 72%min EXW D/P 3
3.1.11 Chinese ferrosilicon 75%min EXW D/P 3
3.2 Export market 4
3.2.1 Silicon metal 5-5-3 FOB China 4
3.2.2 Silicon metal 4-4-1 FOB China 4
3.2.3 Silicon metal 3-3-03 FOB China 4
3.2.4 Silicon metal 2-2-02 FOB China 4
3.2.5 Chinese ferrosilicon 72%min FOB China 4
3.2.6 Chinese ferrosilicon 72%min Ex-VAT FOB China 4
3.2.7 Chinese ferrosilicon 75%min FOB China 5
3.2.8 Chinese ferrosilicon 75%min Ex-VAT FOB China 5
3.3 International market 5
3.3.1 Silicon metal 5-5-3 DDP in Europe 5
3.3.2 Silicon metal 4-4-1 DDP in Europe 5
3.3.3 Silicon metal 5-5-3 delivered in India 5
3.3.4 Silicon metal 4-4-1 delivered in India 5
3.3.Asian Metal Copyright1 First silicon metal project breaks ground in Xilin Gol League 6 5.Asian Metal Copyright5 Silicon metal 98.Asian Metal Copyright1 China launches fifth batch of third-round of environmental inspections 2 2.Asian Metal Copyright5%min D.Asian Metal Copyright1.Asian Metal CopyrightD.P in US 6
3.3.6 Ferrosilicon 75%min in Europe in warehouse Rotterdam 6
3.3.7 Ferrosilicon 75%min in the US in warehouse Pittsburgh 6
3.3.8 Ferrosilicon 70%min in India EXW D/P 6
4. Company news 6
4.1 First silicon metal project breaks ground in Xilin Gol League 6
5. Producers Statistics 6
5.1 Chinese silicon metal producers' operating rate up by 2.88% MoM in Nov 6
5.2 Chinese silicon metal producers' output up by 0.73% MoM in Nov 7
5.3 Chinese silicon metal producers' inventory up by 12.20% MoM in Nov 7
5.4 China's silicon metal producers' sales volume decreased 19.92% MoM in Oct 7
5.5 Chinese ferrosilicon producers' operating rate up by 0.97% MoM in Nov 7
5.6 Chinese ferrosilicon producers' output up by 3.98% MoM in Nov 7
5.7 Chinese ferrosilicon producers' inventory up by 3.98% MoM in Nov 8
5.8 China's ferrosilicon producers' sales volume decreased 26.02% YoY in Oct 8
6. Customs Statistics 8
6.1 China's silicon export volume fell 35.82% MoM in Oct 2025 8
6.2 China's silicon export volume fell 35.82% MoM in Oct 2025 9
6.3 China's ferro-silicon (Si＞55%) export volume decreased 37.09% MoM in Oct 2025 10
6.4 China's ferro-silicon (Si＞55%) import volume fell 15.69% YoY in Oct 2025 11


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