SMM Flash News: Silicon Metal Balance Shows Slight Inventory Accumulation, with Expected Increase in June-July

Published: Jun 23, 2025 11:09

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[SMM Flash News] According to SMM's supply-demand balance calculations for silicon metal, the silicon balance data from January to May was around +17,000 mt. Looking at specific months, the industry experienced continuous inventory buildup from January to March, but due to reduced supply, the balance shifted to destocking from April to May, resulting in a slight overall inventory buildup. From June to July, both supply and demand for silicon metal are expected to increase, with northern major plants increasing production and output rising in the southwest on the supply side, and silicone sector restarting and increasing production of previously idled capacity on the demand side. However, there is uncertainty regarding the operating rate of polysilicon. Overall, the balance is expected to show inventory buildup from June to July. (Supply includes silicon (Si≥97%) and other types of silicon.)

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