Silicon Metal Prices Dropped Amid Poor Demand and High Inventory

As of May 1, prices of standard #553 silicon metal were 14,500-14,800 yuan/mt in east China, down 400 yuan/mt or 3% from a week earlier, prices of above-standard #553 silicon metal stood at 14,700-15,000 yuan/mt, down 500 yuan/mt or 3%, prices of #441 silicon metal were 15,400-15,800 yuan/mt, down 500 yuan/mt or 3%, and those of #421 silicon metal were 16,300-16,500 yuan/mt, a drop of 200 yuan/mt or 1%.

Silicon prices weakened again. Even as the lower operating rates of some silicon metal companies reduced the supply slightly, sluggish consumption from aluminium alloys, silicone and exports, coupled with the current high inventories, continued to weigh on silicon metal prices.

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