SHANGHAI, Jul. 3 (SMM) – Average operating rate at major domestic silicon metal producers is expected to continue falling in July on a yearly basis, Shanghai Metals Market foresees.
The rate is expected to drop year-on-year to 42.52% in July, SMM says, citing sluggish prices as major reason.
SMM survey, covering 120 silicon metal producers in China, finds utilization rate was at 35.85% in June, up 0.92 percentage point month-on-month, but down 1.11 percentage points year-on-year.
Silicon metal producers in Sichuan and Yunnan Provinces were running at low rates in June, due to no big cut in power price during the high-water period, according to SMM survey.
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