Prices of silicon metal increased over the past week as the effects of the Sichuan earthquake became clear. Dujiangyan and Aba, two of the main production bases for silicon metal, are within the quake-stricken area. Many enterprises have been forced to suspend production while others have had difficulty purchasing raw materials due to transport problems in the stricken region. As a result some traders have used this as an opportunity to raise silicon metal quotes. Bad weather in Sichuan and Yunnan in recent days has meant that post-quake equipment inspections have not been able to take place thus postponing a resumption in production.
Another reason for the rising price is the increasing price of raw materials such as petroleum coke and graphite electrode, the domestic price of petroleum coke price has risen to RMB2,400-2,550/mt.
The export price of silicon metal also increased last week with prices around USD2,200-2,250/mt, and USD2,250-2,300/mt for 441#.
Report: http://www.ferroalloys.com/
Minerals and metals at http://www.minerals-and-metals.com/
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