SHANGHAI, Mar. 18 (SMM) --
Operating rates at silicon metal producers are increasing, supply of low grade silicon metal in oversupply. While, output of high grade #3303 and #2202 silicon metal is stable.
Downstream consumers only made purchases on an as-needed basis for expectation of lower prices in future. Generally speaking, downstream consumption for silicon metal hasn't grown significantly. Second, overseas purchases are still sluggish this week. Japan didn't place orders due to impact from huge earthquake, and ordering volumes from other countries were not high.
Decline of low grade silicon metal was obvious last week. It is expected that prices for low grade silicon metal will fall further , if domestic and overseas consumption of silicon metal fail to improve significantly.
SMM expects that mainstream traded prices will be around RMB 13,600/mt for #553 silicon metal at Huangput port, RMB 14,500/mt for #441 silicon metal, RMB 15,100/mt for #3303 silicon metal and 16,200/mt for #2202 silicon metal.
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