Silicon Metal Market Report August 2016

August was the traditional slack season of the silicon metal industry with overseas markets in summer break and domestic downstream users such as organic silicon plants, aluminum alloy plants, etc, largely reducing output.Asian Metal CopyrightAugust was the traditional slack season of the silicon metal industry with overseas markets in summer break and domestic downstream users such as organic silicon plants, aluminum alloy plants, etc, largely reducing output.Asian Metal Copyright Furthermore, this year's economic situation had been particularly severe.Asian Metal Copyright Market participants were generally cautious, anticipating that the market is unlikely to improve during mid-to-late September.Asian Metal Copyright As a result, demand from aluminum plants and organosilicon plants weakened further affected by increasingly heavy environmental protection pressure and the G20 summit, as well as other factors, resulting in a dramatic increase in silicon metal stocks, which pushed prices to move down persistently during August. Particularly, prices for silicon metal 5-5-3 fell from RMB9,450-9,650/t (USD1,370-1,399/t) early in the month to RMB9,250-9,450/t (USD1,341-1,370/t).Asian Metal Copyright As a result, demand from aluminum plants and organosilicon plants weakened further affected by increasingly heavy environmental protection pressure and the G20 summit, as well as other factors, resulting in a dramatic increase in silicon metal stocks, which pushed prices to move down persistently during August.Asian Metal Copyright During the same period of last year, prices on the Chinese silicon metal market had already started to pick up, but they showed a tendency to edge down further this year instead of stabilizing.Asian Metal Copyright During the same period of last year, prices on the Chinese silicon metal market had already started to pick up, but they showed a tendency to edge down further this year instead of stabilizing.Asian Metal Copyright Market participants were generally cautious, anticipating that the market is unlikely to improve during mid-to-late September.
.Asian Metal Copyright Furthermore, this year's economic situation had been particularly severeAsian Metal Copyright