Silicon metal powder prices hardly keep firm with sliding silicon metal prices
2012-07-04 09:11:53 [Print]
BEIJING (Asian Metal) 4 Jul 12 – According to sources, the silicon metal prices kept decreasing in the recent days; meanwhile, the demand from the domestic and overseas market is soft, so the silicon metal powder market remains quiet and it is unlikely for the silicon metal powder prices to hold firm in a short time. Currently, the operating rate for silicon metal powder is low and the silicon metal powder market runs slowly.
A source from a silicon metal powder factory in South China, whose capacity is around 500tpm, noted that they stopped production two months ago and they have around 100t of silicon metal powder in hand now. He revealed that their offers for 5-5-3 grade 40-120 meshes silicon metal powder are around RMB13,100-13,300/t (USD2,079-2,111/t) ex works this week, but no deals are concluded for the moment.
The source expressed that the silicon metal powder market is quite dull and most of silicon metal powder factories are running with difficulties. Looking ahead, he said that the silicon metal prices move down continually, and it is likely for the silicon metal powder prices to ease slightly in the near future.
A silicon metal powder trader in South China told Asian Metal that they almost hold no stocks in hand now, and owing to the weak demand from the domestic and overseas markets, they are unwilling to buy materials in a hurry. He disclosed that they receive offers for 5-5-3 and 4-4-1 grade 40-120 meshes silicon metal powder at RMB13,100-13,300/t (USD2,079-2,111/t) and RMB14,100-14,300/t (USD2,238-2,269/t) ex works respectively this week, which ease slightly compared with those of last week.
The source expressed that their regular trading volume is around 200-300tpm, but due to the unfavorable market, their trading volume decreases accordingly. Now as the demand from the domestic and overseas market is weak and the silicon metal powder prices are likely to ease further with the decreasing silicon metal prices, the consumers are inactive in purchasing. They will watch the market for a while.
A source from a silicon metal powder factory in South China, whose capacity is around 500tpm, noted that they stopped production two months ago and they have around 100t of silicon metal powder in hand now. He revealed that their offers for 5-5-3 grade 40-120 meshes silicon metal powder are around RMB13,100-13,300/t (USD2,079-2,111/t) ex works this week, but no deals are concluded for the moment.
The source expressed that the silicon metal powder market is quite dull and most of silicon metal powder factories are running with difficulties. Looking ahead, he said that the silicon metal prices move down continually, and it is likely for the silicon metal powder prices to ease slightly in the near future.
A silicon metal powder trader in South China told Asian Metal that they almost hold no stocks in hand now, and owing to the weak demand from the domestic and overseas markets, they are unwilling to buy materials in a hurry. He disclosed that they receive offers for 5-5-3 and 4-4-1 grade 40-120 meshes silicon metal powder at RMB13,100-13,300/t (USD2,079-2,111/t) and RMB14,100-14,300/t (USD2,238-2,269/t) ex works respectively this week, which ease slightly compared with those of last week.
The source expressed that their regular trading volume is around 200-300tpm, but due to the unfavorable market, their trading volume decreases accordingly. Now as the demand from the domestic and overseas market is weak and the silicon metal powder prices are likely to ease further with the decreasing silicon metal prices, the consumers are inactive in purchasing. They will watch the market for a while.
Silicon Metal 3-3-03 P 30ppm max Ex-VAT FOB China
Unit:USD/mt
China silicon metal producers' inventory to production ratio statistics by province by month
Unit: %
