Industry News
Kinds of Reasons Effects Prices of Silicon Metal in China Rising Sharply
Date：2017-08-04 View：596
Recent Chinese silicon metal market prices are increasing sharply! The reasons are that:
Firstly, the continue rising in production raw materials costs like electrode, petroleum coke, coal, and also higher wet season electricity costs than last year, the overall Chinese silicon metal prices have increased over $250/MT already since mid-July!
Secondly, this year's strict policy of environmental protection investigation have also impacted greatly to the raw materials and silicon market's supply and capacity! Large fund have to input in the facility update and expansion. The government has noticed again, the new round of stricter investigation have started in later July, and will continue to October!
Thirdly, according to industrial news, the electrode supply is about 100 thousand tons shortage this year; And, supply of petroleum coke, coal are also very limited, so the prices of these production raw materials are foreseen to keep high!
Moreover, the US dollar depreciation against Chinese Yuan has falled to 6.72 these few days! And it's expect may fall drastically to 6.65 recently!
Based on above reasons, the recent Chinese silicon metal market supply is still considerably tight, overall prices are still expecting to keep firm in the coming time!
Firstly, the continue rising in production raw materials costs like electrode, petroleum coke, coal, and also higher wet season electricity costs than last year, the overall Chinese silicon metal prices have increased over $250/MT already since mid-July!
Secondly, this year's strict policy of environmental protection investigation have also impacted greatly to the raw materials and silicon market's supply and capacity! Large fund have to input in the facility update and expansion. The government has noticed again, the new round of stricter investigation have started in later July, and will continue to October!
Thirdly, according to industrial news, the electrode supply is about 100 thousand tons shortage this year; And, supply of petroleum coke, coal are also very limited, so the prices of these production raw materials are foreseen to keep high!
Moreover, the US dollar depreciation against Chinese Yuan has falled to 6.72 these few days! And it's expect may fall drastically to 6.65 recently!
Based on above reasons, the recent Chinese silicon metal market supply is still considerably tight, overall prices are still expecting to keep firm in the coming time!
