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Weekly Review and Forecast on China's Silicon Market
Mar 4,2011 17:14CST
smm insight
Source:SMM

SHANGHAI, Mar. 4 (SMM) --

Supply:

Silicon metal producers in Hunan and Guizhou province have gradually resumed operation, but output will only rebound significantly by the end of March. 

Demand:

Purchasers in domestic and overseas market believed in pessimistic outlook of silicon metal prices, so they only made purchases on an as-needed basis.

Analysis:

Operating rates will not grow significantly in the following week, and downstream demand will continue to be sluggish. In this context, some producers in Hunan and Guizhou began to lower prices. But given the high production costs during March which is a low-water period, price will not slip significantly.

Forecast:

SMM expects that mainstream traded prices will be around RMB 13,900/mt for #553 silicon metal at Huangpu port, RMB 14,800/mt for #441 silicon metal, RMB 15,300/mt for #3303 silicon metal and 16,200/mt for #2202 silicon metal.

 

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