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Post-holiday Restocking on Rigid Demand Will Underpin Silicon Metal Prices

iconJan 27, 2022 13:06
Source:SMM
Domestic silicon metal output in January is likely to stand at 260,000 mt as the producing areas in south-west China are still in the dry season.

SHANGHAI, Jan 27 (SMM) - Domestic silicon metal output in January is likely to stand at 260,000 mt as the producing areas in south-west China are still in the dry season. The silicon metal manufacturers’ operating rates post the CNY holiday will be basically flat from January. On the demand side, with the new capacities of 500,000 mt of silicone monomers and 136,000 mt of polysilicon gradually ramping up the production, and the seasonal recovery of aluminium alloy production, the overall demand for silicon metal in February will increase both year-on-year and month-on-month.

It is expected that after the short-term wait-and-see sentiment arising from the holiday factor, the marginal growth of on-demand restocking and new demand will drive up the prices of silicon metal. It is expected that the prices of 553# silicon metal with oxygen will rise above 20,000 yuan/mt, and 421# silicon metal will rise above 22,000 yuan/mt, where the product has been hovering around for nearly a month.

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