July 2012 | Ferro-alloys
China restarts production: Silicon Metal Highlights
Chinese producers boost silicon metal production as power costs decline, with increased supply dampening prices.
A number of producers in Yunnan and Sichuan provinces have restarted production as the wet season arrives, despite weak demand from downstream industries and excess supply. These producers in Yunnan and Sichuan are eager to sell their material to relieve working capital pressures.
Chinese silicon metal spot prices for 5-5-3 grade have softened to RMB10,700-11,000/tonne ($1,700-1,745/tonne) delivered. Spot price offers for silicon metal 4-4-1 grade are around RMB11,300-11,500/tonne ($1,795-1,825/tonne) delivered. Plentiful stocks should...
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