Silicon metal market keeps firm in South Korea

Silicon metal market continues to go up steadily in China because of higher production cost in winter. However, sources in South Korea told Asian Metal that the local market is relatively stable for the time being and end users are not ready to accept further V5SSZMCV54W4G2X0FHP3GU4BRSP65M0NC5SHSU2F891U7KUF332W0468Q3U4WBHR77P708C5ATV154830S93OYS66H53PO8993O23VVXJA1574LTKRV0C5STY9C4W294CSY1S0SS10NMR87OUMFEX5AIU4S1Y39O2A9648Z16EZAN790J33B208Q4E66DD05VNUZX3X4 price increase.

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However, the source is still confident about the future silicon metal market and he expects to see more demand from end users in South Korea late this November or early December.

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second trader in South Korea puts the price of 4-4-1 at around USD1,650-1,660/t CIF Incheon. The source is clear of the price rise in China. However, as he does not see much demand from his customers, he is in no hurry to increase stock at the moment. "We'll keep watching the market for some time, but I don't think silicon metal market will become weak because of this," said the source.

The source usually imports 100-200t of silicon metal from China each month and he believes the market 5AAGA9DNG5U209T52BJNVM00XRWJ4481V77O1U2EWX6ZHT3P0BL86WX38H3R2WN3V070H73C7WH9E7P0US966489GSTKTO807E2BR07NETA5W26Z5J9Y052F3DI82823ZJL7P9664U0V638TS2910K23HVJC8WU66YS4G7J8626E7K3P4N0KY226400OY9U10B149SC2 price will start to increase quickly late this month in South Korean market.