Silicon Metal Market Report November 2011

Chinese silicon metal price dropped sharply in October.Asian Metal Copyright Furthermore, the National Development and Reform Commission NDRC announced to raise the power price in late November and most silicon metal smelters were unwilling to lower offers further to promote sales, but the market trading saw no big improvement.Asian Metal Copyright Into November, South China entered the dry season gradually with the increasing power price and decreasing operating rate, but the silicon metal price decreased continuously as the inventory in the market was large while the demand was low.Asian Metal Copyright Into November, South China entered the dry season gradually with the increasing power price and decreasing operating rate, but the silicon metal price decreased continuously as the inventory in the market was large while the demand was low.Asian Metal Copyright Under the unfavorable global economy, the downstream aluminum alloy, polysilicon and organosilicon industries were slack and the demand from both domestic and overseas markets was weak.Asian Metal Copyright Chinese silicon metal price dropped a lot in October and November.Asian Metal Copyright Chinese silicon metal price dropped a lot in October and November.Asian Metal Copyright The trading in the market was mainly through the long-term contracts and few deals were concluded in the spot market.Asian Metal Copyright The market price, especially the low-grade silicon metal, has dropped to the level which was close to most smelters’ production cost.Asian Metal Copyright Under the unfavorable global economy, the downstream aluminum alloy, polysilicon and organosilicon industries were slack and the demand from both domestic and overseas markets was weak.Asian Metal Copyright Furthermore, the National Development and Reform Commission (NDRC) announced to raise the power price in late November and most silicon metal smelters were unwilling to lower offers further to promote sales, but the market trading saw no big improvement.Asian Metal Copyright The trading in the market was mainly through the long-term contracts and few deals were concluded in the spot market.Asian Metal Copyright The silicon metal export market kept sluggish in November.Asian Metal Copyright The silicon metal export price decreased continually in November.Asian Metal Copyright The trading in the market was mainly through the long-term contracts and few deals were concluded in the spot market.Asian Metal Copyright The market price, especially the low-grade silicon metal, has dropped to the level which was close to most smelters’ production cost.Asian Metal Copyright The silicon metal export price decreased continually in November.Asian Metal Copyright Under the unfavorable global economy, the downstream aluminum alloy, polysilicon and organosilicon industries were slack and the demand from both domestic and overseas markets was weak.Asian Metal Copyright