SHANGHAI, Jan. 6 (SMM) – Approximately 80 percent of silicon metal producers in Liangshan, Sichuan Province have stopped production as of January 5, Shanghai Metals Market survey shows.
The expansion in production halts, up from 60 percent of suspended producers in November, is due largely to sluggish prices and rising power costs, SMM understands.
The continuous falls in prices dampened local producers’ outlook for silicon metal market, which usually rise during the low-water period.
Some producers also joined in production suspension because of power blackout during the low-water period, SMM learns.
The SMM survey also finds that inventories of low-grade products at local producers are low.