[Ferro-alloys.com]The price of low-grade silicon metal in China has continued to rise after rebounding in mid-August, and the anticipation of high prices has been still strong.

In the southwestern area as a main producing area, the tight supply for spot goods has continued, and as there is no sign for improvement, the price has continued a slight rise and risen by CNY100 per ton from last weekend. The price for export in the U.S. currency went up by US$20.

Although customers have begun to buy in order to accumulate in-hand stocks before China National Day (1st to 7th of October), the producers seem to restrain a sales based on the anticipation of high prices, and there is a feeling of tight supply for spot goods.

By contraries, the prices of premium silicon metal like 2202 and 3303 are stable, which arises from increased production of high-grade products due to the operation of production equipments becoming stable after resumption of operation. On the other hand, the decrease in failed products which is sorted into low-grade products is one of the reasons for tight supply for spot goods.

Although the season for a regular contract for the period from October to December has come in Japan, the customers' movements are unsynchronized, and while some are trying to fix a price negotiation at an early date ahead of schedule with an anticipation of high prices, some are taking a wait-and-see attitude.

The current offer price is US$2,160 - US$2,230 per ton, up by US$20 - US$30 from September 12.

• [Editor:tianxiao]