Losses Arising From Lower Silicon Metal Prices Trigger Massive Output Cuts In North China

SHANGHAI, Jun 2 (SMM) – Silicon metal prices have been running at a low level for half a year. Most producers are now suffering losses at the current market prices. Silicon metal enterprises in Sichuan and Yunnan, where the rainy season is drawing near, will be motivated to produce, while those in other regions have little intention of increasing production and some even plan to halt production. From April to May 25, a total of 24 submerged arc furnaces had either reduced production or were shut down in north China, with Xinjiang outnumbering other regions.