Fujian Silicon Plants to Close after Preferential Electric Policy, Price Back to Normal, SMM Reports

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This is a roundup of China's metals weekly inventory as of November 19.

The social inventories of silicon metal across Huangpu port, Kunming city and Tianjin port increased 3,000 mt from the previous week to 58,000 mt as of Friday October 15.

Yunnan government requires local silicon metal plants to equip desulfuration facility before December, SMM understands.

Price Hikes by Silicon Metal Producers Grow Market Wait-and-See Attitude

Trading improved in the oxygen-free #553 silicon market as China’s National Day holiday nears, SMM finds.

Recently, the number of silicon metal producers which halt production is increasing in Yunnan’s Dehong, Shanghai Metals Market learns. 

Some silicon metal producers in Fujian have started cutting production from last weekend, as preferential power price policy will come to an end, Shanghai Metals Market learns. 

Silicon plants in Zhangzhou and Sanming will also cut, or halt output with nearing of BRICS meeting.

China's steel mills started bidding negotiation for Si-Mg alloy in August, and had intense price struggle with traders.