China silicon metal exports in August dipped by 23% YoY

According to customs data, China's silicon metal exports in August stood at 43,300 mt, down 9% MoM and 23% YoY. Exports totalled 379,000 mt from January to August, a decrease of 19% YoY.

China’s silicon metal was exported to 46 countries and regions in August, and the exports to the top ten destinations accounted for 83% of the total exports, or 34,500 mt. The top five export destinations were Japan, South Korea, India, Malaysia, and the United Arab Emirates, with a combined export share of 61%. Exports in August were the lowest so far this year. The drop in exports was pinned on two reasons. One was the off-season for overseas consumption, partly due to summer break. The other one was the fact that China’s silicon metal price hiked from August to September, appearing less competitive than some overseas products and buyers outside China were reluctant to accept higher prices. It is expected that exports in September will remain low.