In the early days of the week, the transaction price of DMC rose as the major DMC producers raised price, afterwards, the price of DMC turned to be stable as the downstream players reduced the demand of DMC. In this week, the prices of OH polymer, gum, HCR and silicone fluid all rose due to an increase in the cost. With the increasing price of silicone, the downstream firms turned to digest inventory, and the new orders reduced. The silicone market price is expected to be stable in the short term.

The domestic price of fumed silica ran steadily. The prices of monomethyltrichlorosilane (MTCS) and silicon tetrachloride (STC) rose, impacted by the upward downstream markets of silicone and polysilicon. In the case of raised production cost of fumed silica and limited demand from downstream sectors, the fumed silica market price is slated to consolidate in the short period.

With respect to the silicon metal, this week saw its stable price. On the supply side, the silicon metal producers in northern China was in more supply than those in southern part. On the demand, silicone monomer producers increased the silicon metal demand under the high operating rate and new capacity to be released in March 2024 as it enters the peak season. The polysilicon enterprise demanded more silicon metal thanks to the new capacity launched. Aluminium alloy firms bought silicon metal on the rigid demand.  

A large number of polysilicon companies signed new contract orders this week. However, the transaction volume was limited. The silicon wafer producers were discreet about signing orders. The price of N-type polysilicon was unchanged, while that of P-type polysilicon fell slightly. However, the price of N-type polysilicon granules slightly rose due to an increase of the demand and the good quality.