In December 2023, the price of metal silicon in the USA peaked at 3570 USD/MT. This report encompasses the most recent developments, updates, and trends affecting the global metal silicon industry, delivering stakeholders with timely and pertinent insights.
The latest report by IMARC Group, titled “Metal Silicon Pricing Report 2024: Price Trend, Chart, Industry Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of the price trend. This report delves into the Price of Metal Silicon globally, presenting a detailed analysis, along with an informative Price Chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to provide context and depth to the current pricing landscape. The report also explores the Metal Silicon Price News, analyzing how it impacts industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasting, making this Price report an invaluable resource for industry stakeholders.
Metal Silicon Prices December 2023:
- United States: 3570 USD/MT
- China: 2070 USD/MT
- Europe: 2510 USD/MT
- South East Asia: 2980 USD/MT
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The study delves into the factors affecting metal silicon price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the industry, equipping stakeholders with the latest information on industry fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Key Highlights of the Metal Silicon Price News and Trend - Q4 2023
The metal silicon industry is experiencing robust growth, driven by increasing demands in the electronics, solar energy, and automotive industries. Metal silicon, primarily used as a semiconductor in electronic devices due to its excellent thermal stability and conductivity, is integral to manufacturing computer chips, transistors, and diodes. Additionally, the solar industry's expansion has surged the demand for high-purity silicon, used to produce photovoltaic cells that are essential for solar panels. Furthermore, as the automotive industry continues its shift towards electric vehicles (EVs), the need for metal silicon in battery materials and electronic components has significantly risen. The global push towards sustainable and renewable energy sources, coupled with technological advancements in the electronics and automotive sectors, is thus propelling the metal silicon industry forward. These trends are expected to continue as technological innovation opens new applications for silicon and as industries worldwide seek more efficient, durable, and cost-effective materials.
Factors Influencing Metal Silicon Prices in the Fourth Quarter
In North America
In North America, the metal silicon industry in Q4 2023 witnessed robust dynamics. Focusing on the USA, the end of September witnessed stagnation with concerns over downstream demand and the looming auto strike, adding to the industry’s stability. A discerning examination revealed a 2% price divergence between the initial and latter halves of the quarter, capturing the nuanced evolution of industry forces. The quarter-ending price of silicon metal (4-4-1) CFR Illinois Port in the USA stood at USD 2220/MT.
In APAC
On the other hand, APAC, particularly China, revealed a 2% pricing distinction between the initial and latter halves of the quarter. The quarter-ending price of silicon metal (4-4-1) FOB Shanghai in China stood at USD 2054/MT. Similarly, Germany, located in Europe, exhibited a 2% price fluctuation, standing at USD 2180/MT.
Overall, in the last quarter, metal silicon prices have been significantly influenced by a confluence of factors, including global economic policies, supply chain disruptions initially triggered by the COVID-19 pandemic, and varied industry demands. As industry began to stabilize, metal silicon prices temporarily softened, only to rise again due to increased demand from the tech and automotive sectors, compounded by a slow rebound in production capabilities. Geopolitical tensions and trade restrictions, notably between major producers like China and consumers in the West, have tightened the industry and pushed prices up. Additionally, high energy costs and stringent environmental regulations have led to production cutbacks, further straining supply. The demand surge from burgeoning sectors like electronics, driven by remote work and 5G expansion, alongside the growing solar energy sector, continues to elevate metal silicon prices. These dynamics highlight the importance of continuous monitoring of these factors for future price trend predictions in the metal silicon industry.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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