Monthly Silicon Market Report Feb 2026

Contents

1. Market Highlights 3
2 Economy and Policy 3
2.1 China's foreign trade up 18.3% YoY in Jan-Feb 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 3
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 4
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 5
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 6
3.3.Asian Metal Copyright2.Asian Metal Copyright5 Silicon metal 98.Asian Metal CopyrightD.Asian Metal Copyright5%min D.Asian Metal Copyright3.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
4.1 Minhe Yunfeng Welfare Ferroalloys reduces ferro-silicon production 7
4.2 Ningxia Shengjin Silicon Industry restarts ferro-silicon operation 7
5. Producers Statistics 7
5.1 Chinese silicon metal producers' operating rate down by 0.29% MoM in Feb 7
5.2 Chinese silicon metal producers' output down by 0.03% MoM in Feb 8
5.3 Chinese silicon metal producers' inventory down by 2.79% MoM in Feb 8
5.4 China's silicon metal producers' sales volume decreased 3.72% MoM in Feb 8
5.5 Chinese ferrosilicon producers' operating rate up by 0.22% MoM in Feb 8
5.6 Chinese ferrosilicon producers' output up by 0.64% MoM in Feb 8
5.7 Chinese ferrosilicon producers' inventory down by 0.38% MoM in Feb 9
6. Customs Statistics 9
6.1 China's polysilicon export volume decreased 71.03% YoY in Dec 2025 9
6.3 China's ferro-silicon (Si＞55%) export volume increased 0.85% MoM in Dec 2025 10
6.4 China's ferro-silicon (Si＞55%) import volume decreased 35.53% YoY in Dec 2025 10
.Asian Metal Copyright2 Silicon metal 7-8-3 delivered 3 3Asian Metal Copyright