Decline In Silicon Metal Prices Slows Down On Cost Support As Most Producers In North China Suffer Losses

SHANGHAI, Jun 2 (SMM) – Review: The prices of metallurgical-grade silicon metal fell at a slower pace during the week, while the prices of chemical-grade silicon metal began to drop.

Silicon metal prices by series as of June 1

Silicon metal prices have fallen below the production costs of most producers in north China. Producers in south China resumed production slowly due to the sluggish market and high electricity prices. Large producers in north China were reluctant to sell at the current low prices, allowing the prices of metallurgical-grade silicon metal to fall at a slower pace, and the prices of low-grade silicon metal showed signs of stabilising. DMC plants bargained down the purchase prices of chemical-grade 421# silicon metal when they began to sign a new round of orders.