- Silicon carbide prices remained largely stable in Q1’26 with limited volatility, as balanced supply conditions offset mixed downstream demand signals.
- Feedstock costs showed a firm undertone, particularly for SiC raw materials, supporting price floors despite subdued consumption in certain sectors.
- Downstream demand remained bifurcated, with weakness in electric vehicles offset by strengthening demand from AI-driven semiconductor and power electronics segments.
Asia
In Asia, silicon carbide prices followed a stable to slightly firm trajectory during Q1’26. Chinese suppliers largely maintained steady offers through March, reflecting balanced domestic supply and controlled production levels. Early-quarter sentiment remained cautious due to slower activity in electric vehicle manufacturing, which softened immediate demand. However, this was gradually offset by rising requirements from semiconductor and power electronics applications, particularly linked to AI infrastructure expansion. In India, market dynamics mirrored China, with steady import dependence and limited spot volatility, as buyers maintained conservative procurement strategies amid uncertain demand recovery.
Europe
In Europe, prices exhibited a stable trend with slight upward support toward the end of the quarter. Demand from automotive electrification and industrial power applications remained structurally strong, supported by the region’s focus on energy efficiency and advanced manufacturing. However, cautious purchasing behaviour and adequate inventory levels prevented sharp price escalations. Trade flows remained steady, with Europe continuing to rely on imports from Asia, while long-term contracts limited spot market fluctuations.
North America
In North America, the market reflected a similar balanced-to-firm trend. The region benefited from strong technological demand, particularly in semiconductor devices and power electronics, as silicon carbide adoption accelerated across high-efficiency applications. While early-quarter demand softness from the EV segment weighed slightly on sentiment, increasing investments in advanced electronics and energy systems supported market stability.