China Distributed PV Installations Rise 151% in First Quarter

This is a roundup of China's metals weekly inventory as of October 15.

The silicon metal prices surged broadly by over 120% in September from the previous month, with 553# silicon with oxygen leading the gains. As of September 30, 553# silicon with oxygen in east China stood at 59,000 yuan/mt, up 154% on the month. The short supply of spot amid extensive power rationing in Yunnan and Sichuan was the main reason for the short-term surge of prices. While the production costs also increased on the back of rising prices of raw materials such as clean coal, supporting the silicon metal prices as well.

Traders and downstream consumers in China’s silicon market held back from buying in May in anticipation of growing supply.

Offers of chemical-grade silicon dipped on Thursday May 17 as transactions were few

Silicon plants in north China, especially in Xinjiang, are now keener to destock after a week of slow transactions

Demand would be the key thing to watch for silicon prices in the short term as prices have been dropping even before the dry season ends.

Silicon plants in Sichuan has been suspended production recently.

According to offers of Silicon plants, many plants in Yunnan has raised price of silicon of low grade by 200-300 yuan per tonne.

Si-Mn alloy producers in north China increases ex-works price to 6,500 yuan per tonne by cash on Tuesday.

India added 5.526GW PV installation in 2016/17 fiscal year, a jump of 83% on a yearly basis, according to the Ministry of New and Renewable Energy (MNRE).