Silicon Price Forecast Next Week

The silicon metals prices skyrocketed in September and started to fall after the National Day holiday in October. The prices of oxygen-free 553# silicon basically lost all the gains in September, and the prices of high-grade silicon was relatively firm.

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

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.

GCL System Integration Technology has signed Strategic Cooperation Frame Agreement with Fuyang New Energy Technology, the subsidiary of Foxconn Technology Group.