SMM Weekly Forecast on China Silicon Market

SHANGHAI, Aug. 12 (SMM) --

Supply:

Operating rates at China’s silicon metal producers were around 39.90% in July due to electricity restriction in southwest China and unit maintenance impact. Supply of silicon metal in late July and early August reduced to certain extent compared to that in June. Operating rates at major silicon metal producers in southwest China did not increase from a week earlier, and supply of silicon metal remains stable.

Demand:

Domestic demand for silicon metal was flat from a week earlier, and overseas demand was slightly weak.

Last week, silicon metal prices advanced stably. SMM expects prices of silicon metal may advance slightly in the following week, considering the stable supply and demand of silicon metal.

Forecast:

SMM expects that mainstream traded prices at Huangpu port will be around RMB 13,200/mt for #553 silicon metal, RMB 13,900/mt for #441 silicon metal, RMB 14,900/mt for #3303 silicon metal and 16,000/mt for #2202 silicon metal in the following week.