Industrial Silicon Futures Fall 2.14%, Spot Remains Under Pre
The industrial silicon market operated weakly on March 30. The main futures contract (SI2605) dropped 2.14% to close at 8,480 RMB/ton. Spot 421# metal silicon was quoted at 9,600–9,700 RMB/ton.
Downstream demand remained sluggish: organic silicon producers mostly relied on self-supplied silicon metal, while polysilicon manufacturers continued to reduce output and purchases. High inventory levels and weak consumption continue to cap prices. Analysts expect the market to remain range-bound in the near term, with no clear upward momentum until downstream demand recovers significantly.