Silicon Metal Market Report October 2011

The overall silicon metal market was sluggish in October with price dropping continuously.Asian Metal Copyright Although the power price in some areas in South China began to increase in late October, smelters had to lower offers further under the pressure of large stocks and weak demand.Asian Metal Copyright After the sharp rise for around two months, Chinese silicon metal price began to retreat in late September and the price kept decreasing in October, which was mainly because that the demand for silicon metal was weak in both domestic and overseas markets due to the poor performances of downstream industries on the sliding global economy while the supply was sufficient in the spot market and the operating rate in October was higher than that in August and September.Asian Metal Copyright The silicon metal export market kept sluggish in October and the price also drop continually.Asian Metal Copyright Although the power price in some areas in South China began to increase in late October, smelters had to lower offers further under the pressure of large stocks and weak demand.Asian Metal CopyrightThe overall silicon metal market was sluggish in October with price dropping continuously.Asian Metal Copyright The silicon metal export market kept sluggish in October and the price also drop continually.Asian Metal Copyright The silicon metal export market kept sluggish in October and the price also drop continually.Asian Metal Copyright Many suppliers were mainly working on the long-term contracts and few deals were concluded in the spot market.Asian Metal Copyright Many suppliers were mainly working on the long-term contracts and few deals were concluded in the spot market.Asian Metal Copyright