SHANGHAI, Nov. 5 (SMM) – Silicon metal producers in Chongqing, Sichuan and Yunnan are expected to stop production due to sluggish prices, Shanghai Metals Market reports.
Silicon metal producers in Chongqing are struggling with sluggish prices and weak demand, SMM survey shows.
The impending issue of electricity price, whether or not to be cut, has also grown their intention to suspend production.
The price has been closer to production costs of most producers, especially for those in Sichuan, leaving no profits, as the region has entered its normal water period.
If silicon metal prices show no signs of improvement, silicon metal producers in production are expected to halt production, including those in Yunnan, SMM silicon analyst foresees.
According to SMM data, mainstream traded prices of #553 silicon metal (oxygen-free) were 9,900-10,000 yuan per tonne on Nov. 5 at the Port of Huangpu, a drop of nearly 400 yuan since mid Oct., and a new low of 2015.
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