Silicon Metal Market Report September 2016

The operating rate of silicon metal smelters in China kept at a high level in August.Asian Metal Copyright .Asian Metal Copyright However, the demand in local market was weak and overseas buyers left the market for summer vacation.Asian Metal Copyright The prevailing price of 5-5-3 in China fell from RMB9,450-9,650t USD1,406-1,440t to RMB9,250-9,40t USD1,476-1,406t delivered to ports during August, and picked up to RMB9,350-9,550t USD1,391-1,421t delivers to ports in late September.Asian Metal Copyright And thus, Chinese silicon metal prices dropped sharply.Asian Metal CopyrightThe operating rate of silicon metal smelters in China kept at a high level in August.Asian Metal Copyright Some silicon metal smelters in China began to hold quotations firm in early September.Asian Metal Copyright The prevailing price of 5-5-3 in China fell from RMB9,450-9,650t USD1,406-1,440t to RMB9,250-9,40t USD1,476-1,406t delivered to ports during August, and picked up to RMB9,350-9,550t USD1,391-1,421t delivers to ports in late September.Asian Metal Copyright Due to quantity restriction in transportation and freight cost increase, as well as the raw materials’ price rise, Chinese silicon metal smelters raised offer gradually in the second half of September. The prevailing price of 5-5-3 in China fell from RMB9,450-9,650/t (USD1,406-1,440/t) to RMB9,250-9,40/t (USD1,476-1,406/t) delivered to ports during August, and picked up to RMB9,350-9,550/t (USD1,391-1,421/t) delivers to ports in late September.
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