Monthly Silicon Metal Market Report Apr 2019
2019-05-16 15:50:38 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
The demand for silicon metal remained weak in April. Besides, the market still saw oversupply despite the operating rate of producers kept at a low level. Thus, prices for the material moved down. Due to the VAT rate cut implemented from April 1st, the demand became weak, so both downstream aluminum alloy producers and upstream silicon metal producers continued to lower their prices. Low grade silicon metal prices dropped sharply due to high inventory, while those for high grade silicon moved down slightly owing to limited inventory. Prices for chemical grade silicon metal also edged down supported by organic silicon prices. In the export market, overseas consumers were in no hurry to purchase in view of sufficient stocks and falling prices in China. Thus, the export market continued to see limited transactions, with the export prices keeping falling.
The demand for silicon metal remained weak in April. Besides, the market still saw oversupply despite the operating rate of producers kept at a low level. Thus, prices for the material moved down. Due to the VAT rate cut implemented from April 1st, the demand became weak, so both downstream aluminum alloy producers and upstream silicon metal producers continued to lower their prices. Low grade silicon metal prices dropped sharply due to high inventory, while those for high grade silicon moved down slightly owing to limited inventory. Prices for chemical grade silicon metal also edged down supported by organic silicon prices. In the export market, overseas consumers were in no hurry to purchase in view of sufficient stocks and falling prices in China. Thus, the export market continued to see limited transactions, with the export prices keeping falling.
