Silicon Metal Market Report January 2013

After the New Year holiday (January 1st to 3rd), Chinese silicon metal prices increased sharply as the power price in some areas increased further and the operating rate for silicon metal smelters kept decreasing, especially in Yunnan.Asian Metal Copyright Many Chinese silicon metal suppliers postponed their delivery for previous orders to January.Asian Metal Copyright Most silicon metal smelters were holding back from selling at the time.Asian Metal Copyright Some smelters under capital pressure lowered offers to promote sales for cash before the holiday.Asian Metal Copyright Moreover, the cancellation of Chinese silicon metal export duty also stimulated the market a bit.Asian Metal Copyright .Asian Metal Copyright China will enter the Spring Festival holiday in the first half of February and the silicon metal market calmed down gradually in late January.Asian Metal Copyright Most silicon metal smelters were holding back from selling at the time.Asian Metal Copyright Some smelters under capital pressure lowered offers to promote sales for cash before the holiday.Asian Metal Copyright Many Chinese silicon metal suppliers postponed their delivery for previous orders to January.Asian Metal Copyright Chinese silicon metal export duty was removed from January 1st 2013 and there were no other duties to be applied on the material.Asian Metal Copyright Some smelters under capital pressure lowered offers to promote sales for cash before the holiday.Asian Metal Copyright Many Chinese silicon metal suppliers postponed their delivery for previous orders to January.Asian Metal Copyright Moreover, the cancellation of Chinese silicon metal export duty also stimulated the market a bit.Asian Metal Copyright In the spot market, the trading saw increase, but the export prices went up slowly. .Asian Metal Copyright Most silicon metal smelters were holding back from selling at the timeAsian Metal Copyright