Monthly Silicon Metal Market Report Oct 2018
2018-11-13 08:57:47 【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
In Chinese market, as the electricity charge in South China would be increased by the end of October, silicon metal producers showed strong interests in marking up the price which led the quotation of low grade silicon metal to rise by RMB500/t (USD72/t) in North and RMB200/t (USD28/t) in South in the beginning of October. As downstream consumers were active in purchasing from the end of September to the middle of October, the knock-down price of silicon metal 5-5-3 and 4-4-1 rose up by about RMB200-300/t (USD28-43/t). Since the middle of October, transactions became sluggish. Many consumers turned to hold wait and see attitudes and the knock-down prices kept stable. At the end of October, the electricity charge in South China rose and the production cost increased significantly. Silicon metal producers held back from selling. For high grade silicon metal, following the deliveries for the orders signed by the end of September, transactions of silicon metal 3-3-03 increased obviously till the middle of October. However, due to the high inventories among suppliers, the knock-down price didn't rise actually. In the second half of the month, the market became quiet and consumers were reluctant to purchase. Prices of high grade silicon metal stay flat. For chemical grade silicon metal, the knock-down price rose up by RMB200/t (USD28/t) at the end of the month as the production cost increased. For the export market, the oversea consumers inquired a lot during the first half of the month and transactions were smooth. However, with the slowdown of the global economy growth and sufficient stocks, the downstream buyers purchased less in October compared with September.
In Chinese market, as the electricity charge in South China would be increased by the end of October, silicon metal producers showed strong interests in marking up the price which led the quotation of low grade silicon metal to rise by RMB500/t (USD72/t) in North and RMB200/t (USD28/t) in South in the beginning of October. As downstream consumers were active in purchasing from the end of September to the middle of October, the knock-down price of silicon metal 5-5-3 and 4-4-1 rose up by about RMB200-300/t (USD28-43/t). Since the middle of October, transactions became sluggish. Many consumers turned to hold wait and see attitudes and the knock-down prices kept stable. At the end of October, the electricity charge in South China rose and the production cost increased significantly. Silicon metal producers held back from selling. For high grade silicon metal, following the deliveries for the orders signed by the end of September, transactions of silicon metal 3-3-03 increased obviously till the middle of October. However, due to the high inventories among suppliers, the knock-down price didn't rise actually. In the second half of the month, the market became quiet and consumers were reluctant to purchase. Prices of high grade silicon metal stay flat. For chemical grade silicon metal, the knock-down price rose up by RMB200/t (USD28/t) at the end of the month as the production cost increased. For the export market, the oversea consumers inquired a lot during the first half of the month and transactions were smooth. However, with the slowdown of the global economy growth and sufficient stocks, the downstream buyers purchased less in October compared with September.
