Si metal- where to go
2005-01-28 09:39:20 【Print】
BEIJING(Asian Metal) 28-Jan-05 Chinese silicon metal market is still described as quiet. Suppliers revealed to have received the enquiries from the foreign buyers frequently, but very few deals could be finally contracted. Compared with the dim high grading materials, the lower ones are relatively more active, due to the tighten cargoes supply caused by the power shortage. However, there is not enough activity turned out to stimulate the market yet
Suppliers, at the moment, concerned more on how the prices would be after the Chinese Lunar Year, as there seems not to be a big change happened in the last a few days before the holiday. By now, silicon metal 5-5-3 is standing firmly at well over rmb8,500/mt in domestic market. As for the export prices, traders reported to have conclude the deals in the range of about $940-960/mt FOB.
Major consumers are reckoned to resume the purchasing late February or early March. But whether the return demand would push the prices up or not is still uncertain, since the increased export of silicon metal last December has weakened the possibility of the price surge at that time.
A few domestic suppliers indicated that the best time for the market to pick up would be the coming March, due to the continuous power shortage and the potential market demand. However, the approximately 61,500mt exports last December makes most suppliers worried that news orders from the consumers would be delayed again, while silicon metal production is seen to grow up again when the dry season ended by this April or so.
In the consideration of the current thin market supply, an industry insider remarked that low grading materials are likely to remain at the present high levels after the Lunar New Year holiday. Whilst, there couldn't be much transaction seen in the market. With the improvement of the power supply, prices of silicon metal might have to face a new adjustment again.
Suppliers, at the moment, concerned more on how the prices would be after the Chinese Lunar Year, as there seems not to be a big change happened in the last a few days before the holiday. By now, silicon metal 5-5-3 is standing firmly at well over rmb8,500/mt in domestic market. As for the export prices, traders reported to have conclude the deals in the range of about $940-960/mt FOB.
Major consumers are reckoned to resume the purchasing late February or early March. But whether the return demand would push the prices up or not is still uncertain, since the increased export of silicon metal last December has weakened the possibility of the price surge at that time.
A few domestic suppliers indicated that the best time for the market to pick up would be the coming March, due to the continuous power shortage and the potential market demand. However, the approximately 61,500mt exports last December makes most suppliers worried that news orders from the consumers would be delayed again, while silicon metal production is seen to grow up again when the dry season ended by this April or so.
In the consideration of the current thin market supply, an industry insider remarked that low grading materials are likely to remain at the present high levels after the Lunar New Year holiday. Whilst, there couldn't be much transaction seen in the market. With the improvement of the power supply, prices of silicon metal might have to face a new adjustment again.
