Saturday, March 28, 2009

China's Silicon Metal Exports Hit New Low

According to customs statistics China exported 14,106 tonnes of silicon metal in February down by 7.8% MoM from 15,297 tonnes in January and sliding 65.6% YoY from 40,933 tonnes in the review period. It is also another record low since the financial crisis began.

Exports in the first two months totalled 29,404 tonnes with whole value of USD 58,553,374.

According to 2008's data, silicon shipped to Japan were around 20,000 tonnes every month, However, only 3,383 tonnes were delivered this February falling 15.0% MoM and 67.5% YoY.

Hammered by the fiscal crisis, only 943 tonnes of silicon went to South Korea plunging 51.9% MoM and 73.0% YoY. Meanwhile, exports to German slipped from 1827 tonnes to 1184 tonnes while tonnages to the US declined to zero from 227 tonnes a month ago. However, silicon export to Hong Kong rose to 3335 tonnes from 2807 tonnes in January, tonnage to India rose to 1201 tonnes from 875 tonnes and to Taiwan grew to 756 tonnes from 224 tonnes.

Source: Steel Guru

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