China March silicon metal output and April forecast

According to SMM statistics, China's silicon metal output in March 2024 was 366,300 mt, up 21,000 mt or 6.2% MoM and up 53,000 mt or 17.1% YoY.

In March, some silicon metal production capacity in Xinjiang, Yunnan and other places was reduced for maintenance, and the shutdown mostly occurred in late March, which had limited impact on the total output. The number of production days in March increased by 2 days compared with February. In addition, silicon metal companies in some regions increased or resumed production.

Silicon metal prices remained in a downward path since CNY holidays. In April, the sluggish silicon prices have not improved. The inventory remained high, pressuring on the production. Some silicon metal companies in Yunnan and Yili, Xinjiang will further reduce production in April. Producers in Sichuan has no intention of resuming production before the normal water period. It is estimated that the silicon metal output will drop to around 340,000 mt in April.