Silicon metal prices continue to soar, China’s silicon metal supply gap highlights
In September 2021, the market price of Silicon metal in China continued to soar. As of September 14, the reference price of Silicon metal in China was $5,540 / ton, more than 2 times higher than the price of the same period in 2020, breaking all kinds of price records.
The reason for the explosive growth of silicon metal this time is cost rise and imbalance between supply and demand. There are mainly the following four points:
First, the cost is mainly the cost of raw materials and electricity, and the cost of producing silicon metal is mainly the cost of electricity. After the end of this year's wet season, the price of electricity has risen, and the production cost has also risen.
Second, due to the epidemic situation, many foreign silicon metal manufacturers cannot produce normally, and the international demand for silicon metal has not decreased, but we have done a good job in controlling the epidemic situation. So foreign inquiries have not stopped for nearly a year.
Thirdly, in August, due to various reasons, the silicon factories had power outage for maintenance, so the output has not come up. Silicon metal products are often in short supply.
Fourth, the influence of national environmental supervision and "carbon neutral, carbon peak" policy.
7172 PMBTECH, PMB TECHNOLOGY BHD - + Additional Listing Announcement /Subdivision of Shares 29 Sep 2021, 12:33 Additional Listing Announcement /Subdivision of Shares 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Exercise of Warrants Details of corporate proposal : Exercise of Warrants No. of shares issued under this corporate proposal : 1,500 Issue price per share ($$) : 3.0100 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 214,813,150 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 215,803,316.000 Listing Date : 30/09/2021 2. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Conversion of Loan Stocks Details of corporate proposal : Conversion of 5-Year 3.00% Irredeemable Convertible Unsecured Loan Stocks to ordinary shares No. of shares issued under this corporate proposal : 17,900 Issue price per share ($$) : 2.7400 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 214,831,050 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 215,852,362.000 Listing Date : 30/09/2021 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Pmbtech, sam, genetec operator pattern all same one. If you observe the pattern daily, you'll know how the operator likes to flush ppl out, they push down the price so fast to make ppl scare and panic sell while they collect cheap then push up again to make ppl FOMO and trap them. The cycle repeats again and again. Newbie just stay away from this counter because you're likely to panic sell or buy.
Silicon metal prices continue to soar, China’s silicon metal supply gap highlights
In September 2021, the market price of Silicon metal in China continued to soar. As of September 14, the reference price of Silicon metal in China was $5,540 / ton, more than 2 times higher than the price of the same period in 2020, breaking all kinds of price records.
The reason for the explosive growth of silicon metal this time is cost rise and imbalance between supply and demand. There are mainly the following four points:
First, the cost is mainly the cost of raw materials and electricity, and the cost of producing silicon metal is mainly the cost of electricity. After the end of this year's wet season, the price of electricity has risen, and the production cost has also risen.
Second, due to the epidemic situation, many foreign silicon metal manufacturers cannot produce normally, and the international demand for silicon metal has not decreased, but we have done a good job in controlling the epidemic situation. So foreign inquiries have not stopped for nearly a year.
Thirdly, in August, due to various reasons, the silicon factories had power outage for maintenance, so the output has not come up. Silicon metal products are often in short supply.
Fourth, the influence of national environmental supervision and "carbon neutral, carbon peak" policy.
Sm Invest... Not true. A large portion of the silicon is exported globally although a small portion is also supplied to pmetal. See the notes to the recent AGM.
The crown jewel of Sarawak now is her BAKUN HE n its cousins of Dam HE = the best giant green energy for EV.METALS that r huge energy guzzlers.
High speed success stories of STOCKS as consumers of Bakun HE r a. PMETAL in Al, rm47 billion co, created in < 5 years, the world's lowest cost producer of Al, some more with green energy b. PMBTECH in Si, rm3 billion co n counting fast... c. WHO's the immediate next stock to shine? paragon?
many r doing networking with Sarawak authority now... KOON family likely has the 1st mover advantage, or right of refusal but impossible to do so.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
HamsterHuat
2,852 posts
Posted by HamsterHuat > 2021-09-29 11:50 | Report Abuse
@Supermoney
that the reason i move goalpost lo
rm12.xx mah
still ok mah...