Silicon producers in Chongqing mull production cuts on falling prices

SHANGHAI, Apr 7 (SMM) – Low-grade silicon producers in South-central China’s Chongqing are mulling production curtailments, as the decline in prices shows no signs of easing despite low social inventories, SMM learned.

Chongqing is one of major producing regions of 553# silicon that was not oxidised in China. Compared to only a handful of plants in operation in Guizhou and Inner Mongolia and plants in Yunnan and Sichuan remaining closed, many non-oxidised 553# silicon producers in Chongqing are up and running.

SMM assessed prices of non-oxidised 553# silicon at Huangpu port at 10,200 yuan/mt as of Tuesday April 7, down 1,550 yuan/mt from 15-month highs of 11,750 yuan/mt seen in late February and early March.