Monthly Silicon Market Report Dec 2025

Contents

1. Market Highlights 3
2 Economy and Policy 3
2.1 China completes on-site phase for latest central environmental inspections 3
2.2 Guangxi unveils strategic five-year plan to boost mineral exploration 3
2.3 China steps up inspections to crack down on illegal mining 3
2.4 China issues 2026 tariff adjustment plan 3
3. Market Movements 3
3.1 Chinese market 3
3.1.1 Silicon metal 97%min EXW 3
3.1.2 Silicon metal 7-8-3 delivered 3
3.1.3 Silicon metal 5-5-3 delivered 3
3.1.4 Silicon metal 4-4-1 delivered 3
3.1.5 Silicon metal 3-3-03 delivered 4
3.1.6 Silicon metal 2-2-02 delivered 4
3.1.7 Silicon metal 4-2-1 delivered 4
3.1.8 Polysilicon 9N delivered 4
3.1.9 Silicon Powder 99%min delivered 4
3.1.10 Chinese ferrosilicon 72%min EXW D/P 4
3.1.11 Chinese ferrosilicon 75%min EXW D/P 5
3.2 Export market 5
3.2.1 Silicon metal 5-5-3 FOB China 5
3.2.2 Silicon metal 4-4-1 FOB China 5
3.2.3 Silicon metal 3-3-03 FOB China 5
3.2.4 Silicon metal 2-2-02 FOB China 5
3.2.5 Chinese ferrosilicon 72%min FOB China 5
3.2.6 Chinese ferrosilicon 72%min Ex-VAT FOB China 6
3.2.7 Chinese ferrosilicon 75%min FOB China 6
3.2.8 Chinese ferrosilicon 75%min Ex-VAT FOB China 6
3.3 International market 6
3.3.1 Silicon metal 5-5-3 DDP in Europe 6
3.3.2 Silicon metal 4-4-1 DDP in Europe 6
3.3.3 Silicon metal 5-5-3 delivered in India 6
3.3.4 Silicon metal 4-4-1 delivered in India 7
3.3.Asian Metal Copyright3 International market 6 3.Asian Metal Copyright5 Silicon metal 98.Asian Metal Copyright67% MoM in Dec 9 5.Asian Metal Copyright5%min D.Asian Metal Copyright67% MoM in Dec 9 5.Asian Metal CopyrightD.P in US 7
3.3.6 Ferrosilicon 75%min in Europe in warehouse Rotterdam 7
3.3.7 Ferrosilicon 75%min in the US in warehouse Pittsburgh 7
3.3.8 Ferrosilicon 70%min in India EXW D/P 7
4. Company news 7
5. Producers Statistics 9
5.1 Chinese silicon metal producers' operating rate down by 5.67% MoM in Dec 9
5.2 Chinese silicon metal producers' output down by 0.73% MoM in Dec 9
5.3 Chinese silicon metal producers' inventory down by 5.85% MoM in Dec 9
5.4 China's silicon metal producers' sales volume increased 4.48% MoM in Dec 9
5.5 Chinese ferrosilicon producers' operating rate up by 0.97% MoM in Dec 10
5.6 Chinese ferrosilicon producers' output down by 8.82% MoM in Dec 10
5.7 Chinese ferrosilicon producers' inventory up by 51.59% MoM in Dec 10
6. Customs Statistics 10
6.1 China's silicon export volume increased 21.78% MoM in Nov 2025 10
6.2 China's polysilicon export volume grew 108.68% MoM in Nov 2025 11
6.3 China's ferro-silicon (Si＞55%) export volume increased 18.76% MoM in Nov 2025 12
6.4 China's ferro-silicon (Si＞55%) import volume grew 32.18% MoM in Nov 2025 13
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