Production Resumptions and Production Release in Xinjiang Lead to Increased Weekly Silicon Metal Supply [SMM Weekly Silicon Metal Survey]

Published: May 30, 2025 11:39

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[Production Resumptions and Capacity Release in Xinjiang Lead to Increased Weekly Silicon Metal Supply] According to market feedback, from May 23 to May 29, the weekly production of sampled silicon metal plants in Xinjiang was 27,120 mt, with a weekly operating rate of 59%, an increase of 7 percentage points WoW. The production resumptions and capacity release of large plants in Xinjiang drove up the total weekly supply, and with production continuing to be released, the operating rate is expected to increase further next week. The operating rates of other large plants in Xinjiang remained stable, while those of small-scale silicon enterprises were relatively low.

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SMM News on May 30: According to market feedback, from May 23 to May 29, the weekly production of sampled silicon plants in Xinjiang was 27,120 mt, with a weekly operating rate of 59%, an increase of 7 percentage points WoW. The production release from resumed capacity of large plants in Xinjiang drove an increase in the total weekly supply, and production is expected to continue to be released, with the operating rate anticipated to increase further next week. The operating rates of other large plants in Xinjiang remained stable, while those of small-scale silicon enterprises were relatively low.

The weekly production of sampled silicon enterprises in north-west China was 10,460 mt, with a weekly operating rate of 77%, stable WoW. The statistical scope for the north-west region includes Qinghai, Ningxia, and Gansu.

The weekly production of sampled silicon enterprises in Yunnan was 980 mt, with a weekly operating rate of 11%, showing a WoW decline. The number of furnaces started in Yunnan increased compared to the previous period, but the weekly production decreased. This was mainly because most furnaces were in the capacity ramp-up stage of new capacity, with low daily production, leading to a decline in weekly production data.

The weekly production of sampled silicon enterprises in Sichuan was 1,140 mt, with a weekly operating rate of 17%, basically flat WoW. Sichuan has entered the rainy season, and currently, the total number of operating furnaces in the region is less than 30, with most being industry-supporting enterprises. With silicon prices continuously hitting new lows, even with the electricity price advantage during the rainy season, profits are hard to come by, and silicon enterprises that have not resumed production show little interest in doing so.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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