Silicon metal market conditions
The industrial silicon market continued its downward trend this week. Some downstream factories released orders slightly after the big manufacturers made price cuts.
However, the entire industrial chain is weakening. There is no confidence in the price increase in the market outlook, and there is little stockpiling at the client end. It is expected that some poly silicon factories will invite bids next week, and the market transaction volume will increase slightly. The transaction prices of industrial silicon blocks and powders may be weak and stable.
Ferro chrome market conditions
Low carbon ferro chrome weak consolidation.
This week, the price of low carbon ferro chrome is still in a weak market. Looking at the whole chromium market, there are few favorable factors at present. Falling costs, rising output, and weak demand intertwined to affect low-carbon ferro chrome products, resulting in a pullback in iron prices.
As there are bearish expectations in the market outlook and there is no stock for sale in the factory, dealers clear their inventory in time and do not make replenishment. End users also have stricter purchasing considerations. The difference in electricity prices and whether silicon chromium can be self-sufficient also determine the uneven cost of factories.
Therefore, it is not ruled out that some factories with outstanding cost advantages will continue to make concessions in order to win limited orders in the market and lead the market trend.
