[SMM Analysis] Market Confidence Recovery Remains Sluggish, GO Silicon Steel Prices May Remain in the Doldrums Next Week

Published: Dec 5, 2025 14:56

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[Market Confidence Recovery Remains Weak, GO Silicon Steel Prices Expected to Remain in the Doldrums Next Week] This week, GO silicon steel market prices showed a rangebound fluctuation trend, with overall trading activity sluggish. Market feedback indicates that the loose fundamentals in the spot market have seen little improvement, coupled with persistently weak downstream demand. Actual transaction performance remained subdued, while spot inventory stayed at a relatively high level. Traders, aiming to accelerate turnover and recoup funds, showed strong willingness to sell, with quotations largely stable but room for negotiation in actual transactions increasing. Downstream enterprises, such as transformer manufacturers, affected by production pace and cost control, primarily purchased as needed. Their outlook on the market remained cautious, with restocking purchases being rare, and most opting to maintain existing inventory levels. Overall, current market confidence recovery remains weak, and the supply-demand imbalance has yet to be effectively alleviated. Spot prices for GO silicon steel are expected to remain in the doldrums next week.

Price Dynamics of Grain-Oriented Silicon Steel

Shanghai B23R085 Grade: 11,900-12,100 yuan/mt

Wuhan 23RK085 Grade: 11,400-11,600 yuan/mt

This week, grain-oriented silicon steel prices fluctuated rangebound, with overall sluggish trading activity in the market. Market feedback indicated that the loose fundamentals in the spot market showed little improvement, coupled with persistently weak downstream demand, resulting in weak actual transactions. Spot inventory remained at a relatively high level, and traders, eager to accelerate turnover and recoup funds, maintained stable offers but increased negotiation room for actual deals. Downstream enterprises, such as transformer manufacturers, influenced by production pace and cost control, primarily purchased as needed, held cautious expectations for the future market, and rarely restocked, with most opting to maintain existing inventory levels. Overall, current market confidence remains weak, and the supply-demand imbalance has not been effectively alleviated. Spot prices for grain-oriented silicon steel are expected to remain in the doldrums next week.

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