Silicon prices extend downward trend in last month

‍‍Silicon prices in April continued their downward trend from March as bearish sentiment drove downstream consumers to cut procurement and as downstream demand dwindled.

As the rainy season in south China approaches, suppliers of silicon are set to rise on adequate power supplies and lower power prices. Such anticipation fueled bearish sentiment in the market. Many terminal consumers made smaller purchases and preferred to maintain the lowest possible levels of inventories required for production.

Short supplies of aluminum propelled domestic aluminum alloy producers to cut production. Environment probes and maintenance activities also affect production across producers of organosilicon.

Traders of low-grade silicon picked up at the end of April as regular purchase tenders at downstream consumers came into effect and delivery rates of export orders drew closer.

Prices of low-grade silicon products such as 553# non-oxygen silicon and 551# with oxygen silicon stabilized as the market declined. Traders of high-grade silicon remained weak given high social inventories and prices.

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