– Power Costs Trigger Shutdowns: Following the removal of preferential electricity tariffs in Xinjiang in September, one of China’s largest silicon producers announced plans to shut down 32 submerged arc furnaces.
– Producers Hold Firm on Prices: Silicon producers are maintaining firm offers and resisting discounts as electricity costs rise and production cuts add pressure to supply.
– Prices Rebound: Spot prices have edged higher, with futures movements influencing supplier quotations.