Silicon Prices Temporarily Stable, Export Market still Soft

SHANGHIA, May 19 (SMM) -- FOB of silicon metal at export market had continued to decline for several weeks, and prices ceased to slip and began to be stable temporarily. The latest offers were between USD 2,150-2,200/mt for #553 silicon metal at Huangpu port, USD 2,220-2,280/mt for #441 silicon metal, USD 2,330-2,370/mt for #3303 silicon metal and USD 2,420-2,460/mt for #2202 silicon metal.

Recently, Chinese Government is to further restrict supervision on producers with high energy consuming, to implement punitive electricity prices and to lift electricity prices at relevant industries. Although the specific measures haven't been released by local governments, China's silicon metal producers told that production will be negatively affected if prices are lifted. SMM believes that the latest electricity adjustment policy will be released on the end of May or in early June, so prices of silicon metal will cease to slip and advance sustainably in a stable pace.

To contact the writer on this report: naturewang@smm.cn

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