[Ferro-Alloys.com] Now there are two kinds of situation about the silicon metal market, metallurgy and chemical silicon metal price kept stable, and the metallurgy price rose slightly RMB50/MT to RMB100/MT by the end of August, while China domestic silicon metal capacity excess, and market supply and demand is still facing pressure on the stock, which has to make some enterprises inventory reduction sale. At present, the company is more difficult to deal with the transaction.

Now many companies have inquiries, but the actual transaction was still little, many industries maintained some frequent customers to deal. At present, the price of 553# without oxygen is RMB9950 /MT -10100/MT, the price of 3303# and 421# is maintained at RMB11500 /MT -11600 /MT, the northern area of Xinjiang, Inner Mongolia and Northeast China are normal.

Due to the recent exchange rate of RMB makes some export enterprises volume increased, the price is relatively cheaper than the European price, foreign buyers are also satisfied with China silicon metal, now the export price of 553# without oxygen $1620 /MT -1650 /MT, 441#1750 USD /MT -1780 /MT.

Downstream aluminum alloy from the car consumption demand is not good enough, from 1 to 7 month, China's automobile consumption was 1736000 tons, an increase by 0.8% Y-O-Y. And in July, China's automobile consumption fell 5.8% M-O-M to 222300 tons, down 0.3% Y-O-Y.

In August, Silicone downstream China domestic silicone monomer enterprises had a total capacity at 280 million tons, in manufacturing enterprises were 11, total capacity at 244 million tons.

• [Editor:tianyawei]