As Silicon Plants in Yunnan were Partly under Production Restriction, Some Silicon Holders Raised Offers

SHANGHAI, Sep 26 (SMM) - Generally speaking, the silicon prices were on the rise today. The prices of above-standard #553 silicon in east China stood at 20,8000-21,000 yuan/mt, those of 441# silicon at 21,200-21,500 yuan/mt, and those of 3303# silicon at 21,600-21,800 yuan/mt. The production restriction measures were implemented since 24:00, September 25 in Yunnan, affecting a total of 18 submerged arc furnaces in Baoshan, Dehongzhou, Nujiang and Lincang. It is expected that the silicon output in September will decline about 14,000 mt. Since the production will hardly resume within the year owing to the power supply shortage, most silicon plants in Yunnan either stood wait-and-see and suspended quoting or raised their offers higher. The wait-and-see sentiment among downstream aluminium alloy producers and traders also increased. Some producers have finished restocking for the holiday last week, and thus the sluggish downstream demand resulted in cautious purchasing of traders. The transactions today were mainly made based on rigid demand.