Silicon Trading Improves before Holiday, SMM Reports

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

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

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

Silicon metal producers in Yunnan Province released guide price this week, which is raised further from last week, SMM reported.

Traders, suffering losses due to big price gap between offers by silicon metal plants and downstream purchase prices, postponed delivery after negotiation with downstream buyers.  

Some silicon metal producers in Fujian plan to restart production in late May, Shanghai Metals Market learns. 

The average operating rate at Chinese silicon metal plants fell to 28.23% in April, down 1.75 percentage points from March and 4.27 percentage points on a yearly basis.