China Silicon Metal Market Weekly Forecast (Jun. 3-7)-Shanghai Metals Market

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China Silicon Metal Market Weekly Forecast (Jun. 3-7)

Price Review & Forecast 01:50:19PM Jun 09, 2013 Source:SMM
SHANGHAI, Jun. 3 (SMM) – Silicon metal stocks at Huangpu Port were 11,000 mt by June 7, with 4,000 mt at Hongkai warehouse, 3,000 mt at Yuehua warehouse, 3,000 mt at Wanxiong warehouse, and wharf inventories remaining at 1,000 mt. In Yunnan, stocks at Guichu Logistics were 4,300 mt, while those at Honggui were 4,500 mt, leaving total inventories in Kunming at around 8,800 mt.
 
Large aluminum alloy producers both at home and in Japan started calling for tenders last week, with most bids called for #553 silicon metal. With domestic silicon metal markets showing clearer direction and SHFE aluminum prices present strong trends lately, silicon consumption at domestic aluminum alloy producers may increase.
 
China’s trading market will be closed for three days next week due to the Chinese Dragon Boat Festival, but silicon metal producers will maintain production during the holiday. Given the rises of domestic supplies and imports arriving at ports, silicon metal prices are expected to edge lower after the holiday. 
 

China Silicon Metal Market Weekly Forecast (Jun. 3-7)

Price Review & Forecast 01:50:19PM Jun 09, 2013 Source:SMM
SHANGHAI, Jun. 3 (SMM) – Silicon metal stocks at Huangpu Port were 11,000 mt by June 7, with 4,000 mt at Hongkai warehouse, 3,000 mt at Yuehua warehouse, 3,000 mt at Wanxiong warehouse, and wharf inventories remaining at 1,000 mt. In Yunnan, stocks at Guichu Logistics were 4,300 mt, while those at Honggui were 4,500 mt, leaving total inventories in Kunming at around 8,800 mt.
 
Large aluminum alloy producers both at home and in Japan started calling for tenders last week, with most bids called for #553 silicon metal. With domestic silicon metal markets showing clearer direction and SHFE aluminum prices present strong trends lately, silicon consumption at domestic aluminum alloy producers may increase.
 
China’s trading market will be closed for three days next week due to the Chinese Dragon Boat Festival, but silicon metal producers will maintain production during the holiday. Given the rises of domestic supplies and imports arriving at ports, silicon metal prices are expected to edge lower after the holiday.