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What is the reason for the sharp rise in the price of silicon metal? Metal silicon price forecast next week

This week, the market price of metal silicon rose rapidly, among which the most prominent performance was low-grade metal silicon. Compared with last week, the highest increase of oxygen-free 553# metal silicon was about 1600 yuan/ton. Due to high temperature power cuts in Sichuan, and logistics in Xinjiang due to the epidemic, the price of silicon metal has risen faster.

Metal silicon price forecast for next week:
It is understood that the power cuts in Sichuan may continue, which will have a large impact on the output of the area. It is difficult for the metal silicon factories in Sichuan to resume normal production in the short term. It will take time for the factories in Xinjiang to resume production due to the epidemic. Traders concentrate their shipments, and the market prices between the same brands are chaotic. If there is no price concession in the silicon metal factory, it is expected that the price of silicon metal will still be in an upward mode next week, but the increase will slow down.For more information about silicon metal, please follow us at any time.

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