Latest Update in the China Silicon Market

This is a roundup of China's metals weekly inventory as of August 12.

The social inventory of silicon metal across Huangpu port, Kunming city and Tianjin port increased 1,000 mt from the previous week to 106,000 mt as of August 12.

As of August 12, the prices of 553# silicon without oxygen stood at 18,000-18,300 yuan/mt in east China, up 1,500 yuan/mt or 9% on the week; 553# silicon with oxygen 18,700-19,000/mt, up 1,150 yuan/mt or 6% on the week; 441# silicon 19,200-19,400 yuan/mt, up 1,100 yuan/mt or 6% on the week.

The average spot price of EMM in the main producing areas was 14,500-14,800 yuan/mt, flat from yesterday. The FOB prices stabilised at $2,200-2,250/mt.

SMM predicts that the supply and demand of the domestic antimony products market in August will remain basically unchanged under the current economic situation, especially with the continuous weak demand.

China's magnesium alloy output stood at 27,900 mt in July, up 12.94% MoM and down 8.91% YoY, according to SMM statistics.

SMM data shows that in July, the domestic polysilicon output was 58,400 mt, down 4.58% on the month. The monthly supply of domestic polysilicon declined continuously in June and July.

China produced 26,700 mt in physical content or 8,528 mt in metal content of battery-grade manganese sulphate in July, up 29.21% MoM and 50.61% YoY.