China's domestic silicon market has remained soft this week with no change in price from the precious week. The volume of enquiries has fallen and producers are only arranged their production according to their contracts. Most enterprises that have suspended production still have no clear plan on when to resume.
Currently in southern ports the price of silicon metal 553 is at CNY 9,800 to 10,000 per tonne; 441 stands at CNY 10,100 to 10,300 per tonne with the actual deal prices down CNY 100 to 200 per tonne. Meanwhile, the price of high-grade silicon metal sees no recovery due to soft demand; 3303 silicon metal is now at CNY 10,000 to 10,200 per tonne.
Market demand is soft now comparing to the past few months, said one large-scale silicon metal enterprise in Guizhou province. Price are only just enough to cover costs and there seems no sign of a positive change in the short term. Meanwhile, overseas demand for silicon metal remains sluggish.
Source: Steel Guru
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