Silicon Metal Prices to Rise on Tight Spot Inventories-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Market commentary
  • Production data
  • Macroeconomics
  • Aluminium
  • Morning comments
  • Futures movement
  • Mengtai Group
  • Copper
  • Stainless steel
  • Nickel
  • In the United States
  • trade negotiations

Silicon Metal Prices to Rise on Tight Spot Inventories

SMM Insight 06:10:21PM Apr 15, 2013 Source:SMM

SHANGHAI, Apr. 15 (SMM) – The depressed demand downstream left silicon metal prices hovering at low prices recently, leaving silicon metal producers under heavy cost pressures. Some producers were thus forced to halt production, driving their operating rates down.

The low operating rates significantly curtailed low-grade silicon metal supplies at ports. This was particularly pronounced in Yunnan where fewer than 10 silicon metal producers are located, low-grade silicon metal was rarely seen in the warehouses in Kunming. In response, silicon metal prices in several regions started rising last Thursday. Prices will likely rise further should supplies further tighten. However, the price increase is not expected to sustain with low-water season for south China expected to fall about 1.5 months later.
 

Silicon Metal Prices to Rise on Tight Spot Inventories

SMM Insight 06:10:21PM Apr 15, 2013 Source:SMM

SHANGHAI, Apr. 15 (SMM) – The depressed demand downstream left silicon metal prices hovering at low prices recently, leaving silicon metal producers under heavy cost pressures. Some producers were thus forced to halt production, driving their operating rates down.

The low operating rates significantly curtailed low-grade silicon metal supplies at ports. This was particularly pronounced in Yunnan where fewer than 10 silicon metal producers are located, low-grade silicon metal was rarely seen in the warehouses in Kunming. In response, silicon metal prices in several regions started rising last Thursday. Prices will likely rise further should supplies further tighten. However, the price increase is not expected to sustain with low-water season for south China expected to fall about 1.5 months later.