U.S. silicon metal prices trendy to steady
Because U.S. silicon metal market had alredy lost momentum of rise, Silicon metal prices begun to stabilize. According to market information, Prices maintain between 92-94 cents per pound. One producer said: "We have shipped at the price of 94 cents per pound, the market supply is now very tight. " Reportedly, metallurgy and the auto industry began to slow down the pace of demand for silicon metal. Despite the weak demand in the chemical industry, but the demand for raw materials also supports the silicon metal market prices. Global metallurgical of united station called international trade Commission for the implementation of anti-dumping duties on silicon metal Brazil in November without reasons. Global metallurgical submitted an anti-dumping appeal documents about levying the tax of 91.06% on the silicon metal of Brazil on 19th of March. It is rumored that global metallurgical is unlikely to pay off, even if metallurgical won this global appeal, there would also not be much pressure on prices of Silicon metal recently. Because Brazil did not intend to put in the number of silicon metal too much in the united state. If this appeal fails, silicon metal from Brazil will open the door to enter the U.S. market. Brazil will return to the American market in silicon metal, and causes silicon metal price rise to lose momentum. It is still too early to forecast the market price in 2008. Brazil SA, Belo Horizonte and Brazil are planning to produce 55,000 tons of silicon metal this year, hence the European market price has been keeping remaining high operation, and the silicon metal market from Brazil sending to United States account for less than 10% of export.
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