Weekly Review and Forecast on China's Silicon Market-Shanghai Metals Market

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Weekly Review and Forecast on China's Silicon Market

SMM Insight 05:14:46PM Mar 04, 2011 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.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

 

Weekly Review and Forecast on China's Silicon Market

SMM Insight 05:14:46PM Mar 04, 2011 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.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn