The Silicon Metal Market Still Weakness

As the silicon metal market is still weakness, there are little needed by the end user. The purchase plan keeps on putting off. The price is continuing dropping.

So far there are no any good situations to support the price of silicon metal keep stable or increase in short time. Under the influence of low market price, higher electricity price, little silica in market and so on, the silicon factories from place to place are planning to stop produce or reduce the output. Particularly the low grade silicon metal 553 factories are more obviously. At present, some factories in Sichuan are just restart producing for one month, they are now reducing their output daily. Some factories in Chongqing, Guangxi, Hunan area stop producing. Majority factories in Yunnan are just start producing less than one month, the weakness market and increasing stocks make them plan to reduce the output.

The rate of operation of aluminum factories is in low lever which makes limited consume of silicon metal. It is said that the weakness situation will keep for a while.