ChemPriceHub Alert: Metal Silicon Prices in Inner Mongolia Reduced by 50 Yuan

On February 10, the market price of metallic silicon 553# in Inner Mongolia declined, with the reference price around 9,000–9,100 yuan/ton, down by 50 yuan/ton. PriceSeek’s analysis of metallic silicon shows a bearish score of -1. The report indicates that the spot market price of metallic silicon 553# in Inner Mongolia dropped by 50 yuan/ton, with the reference price falling to around 9,000–9,100 yuan/ton. This suggests ample supply or weak demand in the spot market, exerting downward pressure on the spot price of metallic silicon, which is generally considered a bearish factor. The price decline may be attributed to inventory accumulation after the Spring Festival or a slowdown in downstream procurement, and spot prices are likely to remain under pressure in the short term.