Low grade silicon metal prices to rise

Currently mainstream delivered to ports prices of silicon metal 553 remains stable then last week. Encouraged by the concerns about the increasing prices of raw materials and reducing of spot materials, the low grade silicon metal prices are predicted to rise next week.

A producer in South China says:"We have scheduled the order until the ends of this month. We won’t accept any counter offers." They mentioned that as the raw materials are in shortage and some plants closed down recently due to the environmental protection supervision. The prices would rise next week. With a production capacity of 28800tpy of silicon metal, the source expects to produce about 1100 ton silicon metal in September, reducing by half comparing with August. They don’t have stocks currently.

  With the pressure of high market cost and low market price, the silicon metal manufactures in Fujian area facing difficulty to maintain. The manufactures in Fujian are basically rely on the regular customer. As they claim: nowadays, the problem is not because of the order, it is due to the market prices.

  Now with the rise of low grade of silicon metal, it is closer to the high grade product. However, the high grade silicon metal market price remains quiet. To break such impasse in short time, the market demand of high grade product is key point.