Silicon metal production increased MoM in June, with high uncertainty in production scheduling for July [SMM analysis]

SMM News on July 2: According to SMM market exchanges, silicon metal production in June 2025 was 327,700 mt, up 6.5% MoM and down 27.7% YoY. The cumulative silicon metal production from January to June 2025 was 1.8728 million mt, down 17.8% YoY.

The MoM increase in silicon metal production in June was mainly driven by Sichuan, Xinjiang, and Yunnan regions. Production from some resumed capacities in Xinjiang increased MoM. Sichuan entered the rainy season in June, and a small number of silicon enterprises resumed production, but production was constrained by enterprise losses. Sichuan's June production increased MoM but decreased 38% YoY. Yunnan was still in the transitional period from the dry season to rainy season, with two newly launched projects among its operating enterprises. Yunnan's June production increased MoM but decreased 73% YoY. Additionally, production in Gansu, Inner Mongolia, and other regions decreased MoM due to maintenance at some silicon enterprises.

It is expected that silicon metal production in Sichuan and Yunnan regions will continue to increase in July. Yunnan will enter the rainy season, and some silicon enterprises in Baoshan and other areas have plans to resume and expand production. It is estimated that the MoM increase will be around 10,000 mt, and the growth rate of Sichuan's production will slow down. Most silicon enterprises in north China have basically stable operations, with large enterprises accounting for a significant proportion of capacity and uncertainties in production increases or decreases. The uncertainty of silicon metal production in July is high, and attention should be paid to the operational dynamics of large enterprises.