Silicon Metal Market Report February 2013

As the power price in some areas increased further and the operating rate for silicon metal smelters dropped, especially that in Yunnan, Chinese silicon metal prices increased sharply in the first half of January and many silicon metal smelters were holding back from selling materials.Asian Metal Copyright Chinese silicon metal market calmed down gradually from late January.Asian Metal Copyright Furthermore, the cancellation of silicon metal export duty stimulated the market to some degree.Asian Metal Copyright Chinese silicon metal export market saw few deals after the Spring Festival holiday.Asian Metal Copyright Chinese market participants entered the Spring Festival holiday in the first half of February.Asian Metal Copyright Some silicon metal suppliers lowered offers to promote sales for cash back before the Spring Festival holiday.Asian Metal Copyright Chinese silicon metal market calmed down gradually from late January.Asian Metal Copyright However, the market trading was thin and the transaction prices decreased slightly.Asian Metal Copyright Some silicon metal suppliers lowered offers to promote sales for cash back before the Spring Festival holiday.Asian Metal Copyright Furthermore, the cancellation of silicon metal export duty stimulated the market to some degree.Asian Metal Copyright Market participants came back to the market gradually in the second half of February.Asian Metal Copyright Chinese silicon metal export market saw few deals after the Spring Festival holiday.Asian Metal Copyright After the holiday, the operating rate for silicon metal smelters saw no increase and the raw materials’ prices increased, so silicon metal smelters held offers stable.Asian Metal Copyright Chinese silicon metal export market saw few deals after the Spring Festival holiday.Asian Metal Copyright However, the market trading was thin and the transaction prices decreased slightly.Asian Metal Copyright Some major buyers placed orders before the holiday.Asian Metal Copyright Chinese silicon metal export market saw few deals after the Spring Festival holiday.Asian Metal CopyrightAs the power price in some areas increased further and the operating rate for silicon metal smelters dropped, especially that in Yunnan, Chinese silicon metal prices increased sharply in the first half of January and many silicon metal smelters were holding back from selling materials.Asian Metal Copyright Some major buyers placed orders before the holiday.Asian Metal Copyright Chinese market participants entered the Spring Festival holiday in the first half of February.Asian Metal Copyright Moreover, RMB depreciated against US dollars after the holiday.Asian Metal Copyright However, the market trading was thin and the transaction prices decreased slightly.Asian Metal Copyright Therefore, Chinese silicon metal export prices decrease after the holiday following the domestic market trend.Asian Metal Copyright However, the market trading was thin and the transaction prices decreased slightly.Asian Metal Copyright