Silicon Producers in Sichuan and Yunnan Maintained Low Operating Rates, Some Producers Are Expected to Shut Down Furnaces This Month [SMM Silicon Metal Weekly Survey]

According to the SMM survey, the weekly production of sample silicon producers in Xinjiang (accounting for 76% of capacity) was 42,340 mt, with a weekly operating rate of 87%, basically flat WoW. Silicon producers in Xinjiang maintained normal production, with overall operating rates remaining high. Since most sample producers primarily fulfill futures orders, the inventory increase within the sample was relatively small.

The weekly production of sample silicon producers in Yunnan (accounting for 30% of capacity) was 4,075 mt, with a weekly operating rate of 48%, basically flat WoW. Except for the Baoshan area, there were very few producers in operation, maintaining low operating rates. Last week, most sample producers focused on clearing inventory, and with silicon prices remaining stable at low levels, the sentiment for signing new spot cargo orders was generally weak, resulting in little change in overall inventory.

The weekly production of sample silicon producers in Sichuan (accounting for 32% of capacity) was 2,140 mt, with a weekly operating rate of 33%, basically flat WoW. Only a few producers in Sichuan were in operation, with most having reduced production and shut down furnaces by the end of last month. Some producers in Sichuan still expect to shut down furnaces this month, maintaining low operating rates. Although standard silicon producers within the sample signed fewer orders last week, due to the relatively small production of operating producers and the limited number of producers in operation, there was little change in inventory.