SHANGHAI, Feb. 11 (SMM) --
Operating rates at silicon metal producers in southwest China were still at low level after the Chinese New Year holiday, and supply situation will not change significantly in the short term.
Demand: Domestic downstream producers have already replenished stocks before Chinese New Year holiday. Although overseas consumers enquired silicon metal prices after holiday, most of them were reluctant to accept current quotes by Chinese traders, with weak purchasing interest reported.
Domestic silicon metal prices are already at high level, and current tight supply made producer reluctant to move goods. However, purchasing from domestic consumers and overseas consumers were both sluggish. SMM expects that growth in silicon metal prices will very be limited, and will stay flat from current level in the short term.
SMM believes that mainstream traded prices will be around RMB 14,000/mt for #553 silicon metal, around RMB 14,800/mt for #441 silicon metal, around RMB 15,300/mt for #3303 silicon metal and around RMB 16,200/mt for #2202 silicon metal.
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