This week, silicon metal products were still in tight supply and the quotations were high in China. Delivered price of Si553# rose to RMB12,500-12,800/mt (USD2,083-2,098) and 441# reached to RMB13,200-13,400/mt (USD2,164-2,197) at port. Even though Si price went up, downstream consumers were unwilling to accept the high prices. According to one manufacturer, demand for low-grade silicon improved, which drove prices go up. While the downstream aluminium market was not that active and there were few profits to obtain for producers. Therefore, with the price of Si materials climbed up, aluminium consumers had less desire to purchase Si products with high prices.
Meanwhile, it’s hard to buy Si products on spot market due to low capacity utilization rate in dry season. The trading businesses were between the middlemen and traders. Considering the slow demand from downstream industry, it’s thought that Si price may slow the growth in a short time.
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Silicon Metal Price May Slow the Growth on Inactive Demand
Source： Time：2014-03-26 17:19:13 views：
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