I. Price Trends: Stable First, Then Rising, with Significant Regional Differentiation
From September 22 to 30, 2025, organic silicon market prices exhibited a "stable first, then rising" trend. On September 22, the price of organic silicon DMC (first-grade, total ring mass fraction ≥99.5%) in Liaocheng City, Shandong Province, ranged from 10,300 to 13,000 yuan/ton, while the price of similar domestic products reached 13,500 yuan/ton. By September 30, the price of the same specification product from Luxi Chemical stabilized at 10,500 yuan/ton, while the price of Shandong Dongyue Chemical remained at 13,000 yuan/ton, while the price of domestic products remained at 13,500 yuan/ton. During this period, prices briefly remained flat on September 29, but overall, influenced by the rebound in the futures market, the secondary main contract for industrial silicon closed at 9,030 yuan/ton on September 30, up 0.39% from the previous day, boosting organic silicon market sentiment.

II. Regional and Brand Differences: Shandong Dominates, with a Clear Price Gradient
Regional price differences are significant. Shandong Province, the primary production area, offers lower prices for Luxi Chemical products in Liaocheng City, while Shandong Dongyue Chemical and domestically produced products command higher prices. In terms of brand, Luxi Chemical, leveraging its cost advantage, dominates the mid-to-low-end market, while Shandong Dongyue Chemical and domestically produced products are positioned in the high-end market, resulting in a price gap of over 2,500 yuan/ton.

III. Market Drivers: Cost Support and Demand Release
On the cost side, electricity costs support industrial silicon prices. Large enterprises in Xinjiang have costs of approximately 9,000-10,000 yuan/ton. During the flood season in the southwest, electricity prices drop below 0.4 yuan/kWh, but spot prices remain at only 13,100-14,900 yuan/ton, leaving some companies in the red. On the demand side, downstream demand for restocking in late September drove prices back up. Furthermore, the rebound in the futures market has positively impacted spot prices.