[Minor metal] Silicon Metal Prices Stabilize

SHANGHAI, June 15 (CBI China) -- Silicon metal prices remained low in domestic market, with low-grade silicon price in the RMB 8,700-9,100/mt range and high-grade silicon price less than RMB 10,000/mt.

    A factory in Sichuan said the current price is almost the same as the cost price, so we only put 1 blast furnace into operation and do not intend to resume more capacity. He also said the rising petroleum coke price exerted greater pressure on the production of factories, and they will likely halt all the production if the price continues to fall.

    Most of commissioned factories were running under capacity in Yunnan province, and they all adopted a wait-and-see attitude toward the market, with their decisions based on costs and prices.

    The buying sentiment of exporters remained low. Exporters believe prices will likely fall further, as the market will record no marked improvement recently, and demand will remain weak in overseas market, and the supply surplus will remain unchanged in the market.

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