China Has Three Months of Cobalt Stocks - Jinchuan

SHANGHAI, Sept. 3 (SMM) -- Domestic silicon market remained neutral, since factories kept offers firm due to higher costs, while traders only purchased limitedly given uncertain market outlook, and downstream consumers conducted normal purchases.
&nbsp;&nbsp;&nbsp; At present, market supply of silicon metal is sufficient in Yunnan province due to lower electricity prices, and orders received by silicon producers are plenty as well. Electricity prices have risen to RMB 00.4-0.5/kWh upon the end of high water period in Hunan and Fujian provinces.
&nbsp;&nbsp;&nbsp; Export market remained bearish, with limited trading volumes. Exports of silicon metal reported no sign of recovery during September, and are waiting for the consumption recovery in European and US markets during October.
&nbsp;
Copyright &copy; 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.
None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: <a href="mailto:metalresearch@cbichina.com">metalresearch@cbichina.com</a> or tel:86-21-51550040