It’s learned that some manufacturers stopped production because they can’t bear the high cost influenced by the electricity price adjustment of Huaihua area in Hunan province.
Silicon metal mainstream offer: 553#11200-11300yuan/ton,441#12200-12400yuan/ton,3303#12800-12900yuan/ton,2202#13600-13800yuan/ton.
As related people said, the electricity price is 0.61yuan/watt-hour after adjustment, and a lot of manufacturers already stopped production. Low grade silicon metal transaction price continue dropping, but only in small scale. At present, silicon metal 553# price in Hunan province is 11100-11300yuan/ton. The manufacturers there said, the significant rise of electricity price make them can’t bear the cost after the adjustment, and they had to stop production.
Domestic silicon metal market is depressing, and purchasers are not going to buy goods, so it’s hard for silicon metal price to bound in short time.
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