Silicon metal prices in China dropped by the end of July. This was due to an increase in supply from northern factories restarting production and southwestern regions boosting output during the rainy season. Meanwhile, the pace at which the existing inventory was sold off remained slow.
A surplus of silicon metal is pushing prices down, despite some regional production challenges. The week ending August * saw a *.** drop in silicon metal prices as inventories climbed to ***,*** metric tons, an increase of *,*** metric tons from the previous week. Production is on an upswing, rising *.** to ***,*** metric tons in July. Production is expected to continue to trend upward, in August production is set to rise to between ***,*** to ***,*** metric tons. Although slower-than-anticipated re-openings at larger plants in Xinjiang could mitigate the full effect of this supply increase, the trend...
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