Japanese Buyers Believe Price Increases of Silicon Metal after the Chinese New Year Holiday

SHANGHAI, Feb. 5 -- The market of Chinese silicon metal with 5.5.3 grade is an off-season at present. The negotiations with aluminum alloy plants in Japan on imports of Chinese silicon metal for shipments in January - March quarter of 2010 had already finished by December of 2009. A basic tone to import silicon metal into Japan has been still bullish and, whenever the inquiries for silicon metal from Japan are placed, price of this metal will be certainly offered by a rise. The price of Chinese silicon metal contracted in December of last year was on a level of US$2,200 per metric ton CIF Japan but it is marked how extent does price of silicon metal rise, after Lunar New Year in China was over.

(Edited by SMM)