Oct 28,2021 14:04CST
Source:SMM

From January to September of 2021, the output of silicon metal increased by 39% year-on-year, and the annual output is expected to reach a record high of 2.78 million mt.

SHANGHAI, Oct 28 (SMM) – From January to September of 2021, the output of silicon metal increased by 39% year-on-year, and the annual output is expected to reach a record high of 2.78 million mt.

The insufficient power supply will inevitably lead to a decline in the output in Q4. The impact of the dual control of energy consumption is more significant on the supply of silicon. The major silicon metal producing regions including Yunnan, Xinjiang, Sichuan will have to cut the production, where the silicon plants cannot maintain the normal production from September to November. The power shortage also restricts the production. The downstream production in the major silicon consumption areas in east and south China has been mostly resumed after the short-term production restrictions.

The silicon metal production in Yunnan and Sichuan will decline in Q4 due to the upcoming dry season. The large plants in Xinjiang will also lower the operating rates due to the power shortage and the control of energy consumption. China’s output of silicon (Si content ≤ 97%) and secondary silicon totalled 240,000 mt from January to September 2021, which will supplement the shortage in the silicon metal supply. The lower overseas prices encouraged the imports. The total silicon import volume reached 4,000 mt from January to September 2021, up 782% on the year.

The seasonal increment in the silicon metal inventory in end 2021 will be far lower than the 10-year average

The higher domestic demand and declining exports will lead to the lower port inventory of silicon metal. The increment in the silicon metal inventory is lower than the 10-year average level in 2021, and a new inventory cycle has started. The total social inventory in end-2021 is expected to stand at around 70,000 mt, down 13%.

Prices of silicone and polysilicon rise along with silicon prices

Siloxane: The strong demand has boosted the silicone prices to hit a record high, and the mainstream prices are correlated to the silicon raw raw material prices. The domestic supply continues to make up for the overseas supply gap. The DMC prices are expected to stand at 50,000-55,000 yuan/mt.

Polysilicon: The skyrocketing silicon metal prices have pushed up the polysilicon prices. However, the silicon prices may pull back due to the low downstream operating rates in November and December.

The surging silicon prices change the aluminium alloy pricing models

Secondary aluminium alloy: The power curtailment, supply shortage of aluminium scrap, high silicon prices, chip shortage for cars, and other factors affect the operating rates of secondary aluminium alloy plants.

Primary aluminium alloy: The prices of silicon, the major auxiliary material, have surged, and the primary aluminium alloy producers have suffered the losses. The aluminium alloy prices are settled based on the silicon prices.

The production and sales of automobile continue to grow. The production and sales from January to September 2021 increased by 7.5% and 8.7% respectively.

Profits of silicon metal export turn positive, the control on the foreign exchange affects the overseas quotations

The silicon metal exporter suffered significant losses from May to July, and the losses narrowed in August, then turned into profits in October.

China's silicon exports in September 2021 were 72,000 mt, up 6% month on month and 32% year on year. The exports totalled 605,000 mt from January to September, up 40% year on year.

The demand growth rate of silicon metal stand at 21% in 2021. The production of the new capacities of the silicone and polysilicon is worth attention.

There are 800,000 mt of new capacities of silicon monomer have been put into production in 2021, and the exports in 2021 are expected to be near 800,000 mt, up 29% year on year. The capacities of 140,000 mt will be put into production in Q4 2021. The total silicon material output is expected to reach 480,000 mt, up 22% on the year. The total output of cast aluminium alloy in 2021 may grow by 9% on the year. The annual growth rate of the total domestic and overseas demand of silicon metal is expected to be 21% in 2021.

Price forecast

There is basically no new capacity of silicon metal in 2021. The new capacities will be put into production intensively in the rainy season in 2022.

The new capacities of silicone monomer and polysilicon will be put into production mainly in Q4 2021- H1 2022.

The shortage of the silicon metal supply in H1 2022 will depend on the power supply in the dry season in south-west China and the downstream production capacity.

The downstream production expands rapidly amid the stagnated low supply, and the the shortage will intensify in 2022.

The silicon metal prices will remain in an upward trend under the dual carbon policy, and the pricing logic of resource-based commodities will be changed. The silicon metal prices may rebound in November amid the shrinking supply, the recovering demand of aluminium alloy, and the overseas restocking before the Christmas holiday. However, the prices may decline in December as the silicon plants will reduce their stocks. The silicon prices will stay high until the rainy season in June 2022, and the upward trend of the prices may extend until 2023. The delayed commissioning of the silicone and polysilicon capacities, the shrinking consumption of the silicone after the pandemic, and the new capacities to be put into production may bring risks to the market.

The shortage of production capacity will suppress the silicon output, and the low grade of raw materials may drag down the output of high-grade silicon. The silicon supply is expected to remain tight in the short term. Most of the silicon metal consumption was in the silicone and polysilicon sectors, while the consumption in the aluminium alloy and export sectors declined. The tight supply has weakened the profits of the silicon metal users, and the upstream companies in the silicon industry started to profit.

Oct 28,2021 14:04CST
Source:SMM

From January to September of 2021, the output of silicon metal increased by 39% year-on-year, and the annual output is expected to reach a record high of 2.78 million mt.

SHANGHAI, Oct 28 (SMM) – From January to September of 2021, the output of silicon metal increased by 39% year-on-year, and the annual output is expected to reach a record high of 2.78 million mt.

The insufficient power supply will inevitably lead to a decline in the output in Q4. The impact of the dual control of energy consumption is more significant on the supply of silicon. The major silicon metal producing regions including Yunnan, Xinjiang, Sichuan will have to cut the production, where the silicon plants cannot maintain the normal production from September to November. The power shortage also restricts the production. The downstream production in the major silicon consumption areas in east and south China has been mostly resumed after the short-term production restrictions.

The silicon metal production in Yunnan and Sichuan will decline in Q4 due to the upcoming dry season. The large plants in Xinjiang will also lower the operating rates due to the power shortage and the control of energy consumption. China’s output of silicon (Si content ≤ 97%) and secondary silicon totalled 240,000 mt from January to September 2021, which will supplement the shortage in the silicon metal supply. The lower overseas prices encouraged the imports. The total silicon import volume reached 4,000 mt from January to September 2021, up 782% on the year.

The seasonal increment in the silicon metal inventory in end 2021 will be far lower than the 10-year average

The higher domestic demand and declining exports will lead to the lower port inventory of silicon metal. The increment in the silicon metal inventory is lower than the 10-year average level in 2021, and a new inventory cycle has started. The total social inventory in end-2021 is expected to stand at around 70,000 mt, down 13%.

Prices of silicone and polysilicon rise along with silicon prices

Siloxane: The strong demand has boosted the silicone prices to hit a record high, and the mainstream prices are correlated to the silicon raw raw material prices. The domestic supply continues to make up for the overseas supply gap. The DMC prices are expected to stand at 50,000-55,000 yuan/mt.

Polysilicon: The skyrocketing silicon metal prices have pushed up the polysilicon prices. However, the silicon prices may pull back due to the low downstream operating rates in November and December.

The surging silicon prices change the aluminium alloy pricing models

Secondary aluminium alloy: The power curtailment, supply shortage of aluminium scrap, high silicon prices, chip shortage for cars, and other factors affect the operating rates of secondary aluminium alloy plants.

Primary aluminium alloy: The prices of silicon, the major auxiliary material, have surged, and the primary aluminium alloy producers have suffered the losses. The aluminium alloy prices are settled based on the silicon prices.

The production and sales of automobile continue to grow. The production and sales from January to September 2021 increased by 7.5% and 8.7% respectively.

Profits of silicon metal export turn positive, the control on the foreign exchange affects the overseas quotations

The silicon metal exporter suffered significant losses from May to July, and the losses narrowed in August, then turned into profits in October.

China's silicon exports in September 2021 were 72,000 mt, up 6% month on month and 32% year on year. The exports totalled 605,000 mt from January to September, up 40% year on year.

The demand growth rate of silicon metal stand at 21% in 2021. The production of the new capacities of the silicone and polysilicon is worth attention.

There are 800,000 mt of new capacities of silicon monomer have been put into production in 2021, and the exports in 2021 are expected to be near 800,000 mt, up 29% year on year. The capacities of 140,000 mt will be put into production in Q4 2021. The total silicon material output is expected to reach 480,000 mt, up 22% on the year. The total output of cast aluminium alloy in 2021 may grow by 9% on the year. The annual growth rate of the total domestic and overseas demand of silicon metal is expected to be 21% in 2021.

Price forecast

There is basically no new capacity of silicon metal in 2021. The new capacities will be put into production intensively in the rainy season in 2022.

The new capacities of silicone monomer and polysilicon will be put into production mainly in Q4 2021- H1 2022.

The shortage of the silicon metal supply in H1 2022 will depend on the power supply in the dry season in south-west China and the downstream production capacity.

Q4. LKFM announced recently that it has entered into three share sale agreements to
acquire the entire equity interest in three companies (ASV Jaya Resources Sdn
Bhd, SAM Jaya Plantation Sdn Bhd and Hijau Ria Solution Sdn Bhd), whose
principal activities are logging and trading in timber logs, for a cash consideration
of RM3.7 million (“Proposed Acquisition”).

It was mentioned in the announcement that the Proposed Acquisition would give
LKFM the rights of use for over 1,744.5 acres land from the Kelantan State for the
purpose of plantation. What are the Company’s plan for this land?

The proposed land acquisition is part of the company’s plan to venture into forest
plantation industry to meet the increasing demand for wood-based upstream products in
local and international market. Further development will be announced to bursa securities,
if required.

KUALA LUMPUR: Pentamaster Corp has announced that its sub-subsidiary Pentamaster Equipment Manufacturing Sdn Bhd has entered into an agreement to acquire a tract of leasehold land from Penang Development Corp for RM28.28mil.

It said in a filing with Bursa Malaysia that the leasehold land measures about 118037 acres in Batu Kawan Industrial Park in Penang.

It added that the proposed acquisition will increase the group’s engineering and manufacturing capacity, specifically to cater for its expansion into the factory automation solution and medical segment.

Shares in Pentamaster closed seven sen or 1.26% higher at RM5.62 with 2.98 million units traded.

Double-digit earnings growth seen for Pentamaster
TheStar Wed, Nov 03, 2021



KUALA LUMPUR: Pentamaster Corp Bhd is set to record annual double-digit earnings growth in 2021, spurred by an order intake momentum on the back of improving sentiment for the equipment market.

In a report yesterday, UOB Kay Hian expected the Penang-based semiconductor equipment vendor and automation house to register a 20% earnings growth for 2021.

“The year 2020 was a washout period for the group due to the worldwide travel restrictions, alongside the movement control order disruptions in Malaysia.

“We believe the worst could have been fully captured in the past few quarters, with the group gradually resuming cross-border travel for its project site installation on a more constrained basis.”

Pentamaster has been experiencing an order intake momentum on the back of improving sentiment since early 2021, according to UOB Kay Hian.

“Its latest order book backlog is higher than RM270mil, which is more than 35% higher than the normal range last year. The momentum is expected to pick up further from here on.”

UOB Kay Hian said Pentamaster is well-positioned to ride on the long-term structural growth from high-growth sectors.

“The group is undergoing a high-growth phase with its structurally well-diversified revenue exposure in the electro-optical and automobile segments.

“With the prevalence of optoelectronics and 3D-sensing technology further compounded by the pandemic, the group’s core products and solutions that cater for a wide range of smart sensors will become increasingly important to its customers.”

Despite the global chip shortage, which is having an impact on the automotive industry, UOB Kay Hian said there is still potential for structural growth with the proliferation of electric vehicles and autonomous driving.

“Given Pentamaster’s current exposure and product portfolio encompassing a diverse area of the automobile test solution from front-end to back-end, the group will be able to play a dominant role in this ecosystem.

“For the medical segment, the group is making progress in the prototyping stage of single-use medical devices like intravenous catheters and pen needles.”

For the nine-month period ended Sept 30, 2021, Pentamaster’s revenue surged 25% year-on-year, driven by higher sales from the electro-optical and semiconductor segments.

Meanwhile, sales within the group’s automotive segment had also picked up, mainly through the delivery of its integrated power module test handling equipment in the third quarter.

Pentamaster acquires Batu Kawan land for RM28.28mil

Wednesday, 03 Nov 2021
5:27 PM MYT

https://www.thestar.com.my/business/business-news/2021/11/03/pentamaster-acquires-batu-kawan-land-for-rm2828mil

行家建议

由于不利的销售组合、原材料和运输成本上涨，导致赚幅不如预期，腾达科技首3季净利，仅占我们和市场全年净利预测的66%和69%，低于预期。

我们下调今明后财年每股净利1至11%，以反映供应链中断使更高的运营支出。

尽管如此，我们很欣慰看到该公司的未完成订单高达3亿令吉，估计将在未来6至9个月内交付。

该公司的合约负债从今年1月的2100万令吉，增加至9月份的4500万令吉，也看出端倪。

我们认为，这意味着2021财年末季的销售额会更高。

此外，腾达科技正处于一个新的投资周期，该公司投资1.2亿令吉在峇都加湾的第三座工厂，以满足未来五年的扩张。

随着下修盈利预测，我们也把目标价从5.60令吉，下调至5.30令吉，维持“守住”评级。

Strong tech-driven momentum for QES Group

https://www.metalbulletin.com/Article/4014468/Minor-metals/US-silicon-price-nearly-triples-in-7-weeks-makes-US-priciest-region.html

US silicon metal price nearly triples in 7 weeks, makes US priciest region

Silicon metal prices in the United States reached a new all-time high on Thursday October 28, making the price for US material - which has almost tripled in seven weeks - now the most expensive in the world.
The US price for standard grade silicon (5-5-3) surpassed that in Europe, which had been the most expensive region prior to Fastmarkets’ assessment there on Friday October 29.
Fastmarkets assessed the price of silicon grade 5-5-3 98.5% Si min, in-whs Rotterdam at €6,800-8,500 ($7,846.52-9,808.15) per tonne on October 29, down from a peak of €8,500-8,650 per tonne that prevailed from October 8 to October 22.

Meanwhile, Fastmarkets assessed the price of silicon, ddp US at $4.25-5.20 per lb on Thursday, up...

dalpinia@ ask Genetec go to open factory to challenge PMetal and PMBTECH

investmalaysia7777 @ Aaron tan can help it.

（吉隆坡28日讯）兴业零售研究称，齐力科技（PMB Technology Bhd）准备反弹，因昨日在成交量飙升，从最近的回调温和弹升至14令吉。

该研究机构今日在报告中指出，如果突破该水平，强劲的购兴可能推动该股至15令吉，然后是16.30令吉的纪录高位。

“若跌破12.20令吉支撑位，这一预期则会取消。”

KUALA LUMPUR (Oct 28): RHB Retail Research said PMB Technology Bhd is poised for a rebound as it bounced off mildly from a recent pullback to hit the RM14.00 threshold yesterday on surging volume.

In a trading stocks note today, the research house said if the stock manages to breach above that level, strong buying interest may drive the stock towards the RM15.00 level before it reaches the RM16.30 all-time high level.

“Conversely, falling below the RM12.20 support level will cancel this expectation,” it said.
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KUALA LUMPUR (Oct 28): RHB Retail Research said PMB Technology Bhd is poised for a rebound as it bounced off mildly from a recent pullback to hit the RM14.00 threshold yesterday on surging volume.

In a trading stocks note today, the research house said if the stock manages to breach above that level, strong buying interest may drive the stock towards the RM15.00 level before it reaches the RM16.30 all-time high level.

“Conversely, falling below the RM12.20 support level will cancel this expectation,” it said.
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KUALA LUMPUR (Oct 28): RHB Retail Research said PMB Technology Bhd is poised for a rebound as it bounced off mildly from a recent pullback to hit the RM14.00 threshold yesterday on surging volume.

In a trading stocks note today, the research house said if the stock manages to breach above that level, strong buying interest may drive the stock towards the RM15.00 level before it reaches the RM16.30 all-time high level.

“Conversely, falling below the RM12.20 support level will cancel this expectation,” it said.
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GUH Electronic Division the printed circuit boards (PCB ) production were running full capacities and can’t even fulfil the orders'.

分析：MIDF投资研究

目标价：2.53令吉

最新进展：

东益电子（GTRONIC，7022，主板科技股）2021财年第三季，净利按年下跌9.79%至1626万9000令吉。

第三季营收按年下滑15.07%，至5566万4000令吉。

累积首三季，净利按年上扬3.28%至3505万7000令吉，营收按年下跌4.21%至1亿5746万2000令吉。

行家建议：

东益电子首三季业绩表现低于预期，仅分别占我们与市场全年预测的48.4%和63.4%。

该公司在第三季的季度表现，相比过往记录要好得多，然而，基于新项目进展缓慢和管控令因素，这一势头有所停滞不前。

尽管如此，基于半导体领域的看涨趋势，我们仍然有望看到该公司的进一步增长，特别是新一代传感器和新产品的成功开发，并预计将在2022下半财年可实现商业化。

长期来看，我们认为东益电子的前景仍具吸引力， 主要是在高科技传感器产品方面的专业，可在多个领域发挥所长。

此外，有新一代智能传感器的业务支撑，以及发光二极管（LED）业务，也会得益于汽车市场的复苏，预计未来盈利增长将更加稳定。

综上所述，我们将2021和2022财年财测，分别下调3%和13%，目标价从3.22吉下调至2.53令吉，维持“买入”评级。

Pentamaster investing RM120mil in new plant

GEORGE TOWN: Pentamaster Corp Bhd is investing RM120mil in a new 500,000-square-feet plant in Batu Kawan, Penang to increase production capacity as demand for automation solutions soar.

The new plant – its third – will be built on a 12-acre site to expand its five core business areas.

“We need a third plant as our current manufacturing facilities on the island and Batu Kawan are running at 100% capacity.

“This new facility will expand the group’s automation business serving the industrial, medical device, logistics, smartphone and automotive sectors.

“The industrial, smartphone, and automotive segments contribute about 60% to the group’s revenue and the remaining sectors, 40%.

According to Chuah, the group has about RM300mil worth of semiconductor test equipment and automation products to ship out from now till the first quarter of 2022.

The group shipped out RM250mil worth of semiconductor test equipment and automation products in the first half of this year.

“The semiconductor test equipment business catering to the smartphone and automotive industries is a growing sector.

“The global semiconductor test equipment market size is projected to grow at a 3.1% compounded annual growth rate (CAGR) between 2020 and 2026.

“Our expansion exercise will enhance our competitive edge during this growth period,” he said.

According to the 360 Research Reports, the semiconductor test equipment market is expected to reach US$4.6bil (RM19.13bil) by 2026 from US$3.8bil (RM15.80bil) in 2020.

“To seize more markets, small and medium companies must expand their technology, capital investment and brand influence.

“Such (tech and automotive) companies need to overcome challenges and maintain a leading position, so they will be spending more on test equipment to accelerate technological innovation and product upgrades.

“In the future, the semiconductor test equipment market will remain a highly competitive market,” he added.

Chuah said the group recently secured a few smartphone projects from international brand name manufacturers.

“We will be customising semiconductor test equipment for them to check their sensors. The equipment, worth around RM100mil, will be delivered in this fourth quarter and early next year,” he said.

Chuah added that the raw material shortage facing the semiconductor industry was getting severe.

“It used to be that we can deliver test equipment and automation products in 10 weeks. Now the lead time has to be extended to more than 20 weeks,” he said.

According to International Data Corp (IDC), shipments of smartphones are expected to grow 7.4% in 2021, reaching 1.37 billion units, followed by 3.4% growth in 2022 and 2023.

Chuah said the growth could be attributed to a healthy 13.8% growth from iOS devices combined with 6.2% growth from Android.

“Although Covid-19 drastically impacted 2020 shipments, 2021 shipments have managed to display minimal growth compared to 2019 (pre-pandemic) volumes, giving us a more accurate view of the state of the market.

“The world’s largest markets – China, the United States and Western Europe – will still be down from 2019, but growing markets such as India, Japan, the Middle East, and Africa are fuelling the recovery,” the report added.

hold tight.

Rising power costs and higher raw materials prices are expected to boost silicon metal prices in 2021 & onwards.

Consumption of organic silicon monomer, polysilicon and aluminium alloy has increased, but no new capacities will be brought in.New silicon-based materials have huge development potential.

not bad

hello i am hold for long term

While the auto plants were shut down in April and May last year, computer chip makers shifted production to satisfy wild demand for laptops, gaming devices and tablets. That created a shortage of automotive-grade chips, a problem that might not be fully resolved until next year.

The chip shortage that is disrupting global car production could continue into 2022 and even 2023, a leading German car industry figure has said. Covid had been a stress test for the industry, which needed a thorough review of its supply chains, Daimler chairman Ola Källenius said

The CEO of chipmaker STMicroelectronics, Jean-Marc Chery, said the shortage will likely last at least two years. “Things will improve in 2022 gradually,” Chery said, “but we will return to a normal situation … not before the first half of 2023.”

Aaron_tan Can you ask Genetec/SAM to produce Silicon metal ?

Very simple production , Silicon metal is an industrial additive produced by smelting quartz and coke in an electric heating furnace.

Genetec / sam is short term goreng2 & No Fundamental counter

big player with good fundamental like Vitrox, Greatech, Pentamaster, QES can do better quality and price for Electric Vehicle & Battery equipments automation soon , getting more and competition soon.

Everyone can produce equipments automation

Aaron_tan@ I hold PMB for long term 5 to 10 years

Aaron_tan@ I sold Genetec at RM35

meistsk3134
Are you part of the semiconductor's supply chain?

Answer:

Yes, we are processing silicone of more than 99% purity which can be further purified for use in the semiconductor industries.

meistsk3134 FYI

Minutes of 19th Annual General Meeting PMBTECH
http://www.pmbtechnology.com/?cat=231

u there <

samchong6891 - admin ?
we can give our phone number by email

samchong6891we should form one group chat

samchong6891 @ that one is for Pmetal but PDF file. Inside got small part of PMBTECH

Post removed.Why?

Aaron_tan Monday wait 2.50- our average price

samchong6891@ right, PMBTECH collaborating with Perbandaran Economy Sarawak Malaysia

Post removed.Why?

silicon metal prices surged amid extensive power rationing
Oct 13,2021 13:42CST
Source:SMM

The silicon metal prices surged broadly by over 120% in September from the previous month, with 553# silicon with oxygen leading the gains. As of September 30, 553# silicon with oxygen in east China stood at 59,000 yuan/mt, up 154% on the month. The short supply of spot amid extensive power rationing in Yunnan and Sichuan was the main reason for the short-term surge of prices. While the production costs also increased on the back of rising prices of raw materials such as clean coal, supporting the silicon metal prices as well.

SHANGHAI, Oct 13 (SMM) - The silicon metal prices surged broadly by over 120% in September from the previous month, with 553# silicon with oxygen leading the gains. As of September 30, 553# silicon with oxygen in east China stood at 59,000 yuan/mt, up 154% on the month. The short supply of spot amid extensive power rationing in Yunnan and Sichuan was the main reason for the short-term surge of prices. While the production costs also increased on the back of rising prices of raw materials such as clean coal, supporting the silicon metal prices as well.

The power rationing eased in Yunnan in late September, with the focus on the recovered production in Dehong. The prices of silicon stabilised gradually, and more traders chose to make shipments after the profit target was fulfilled. The sell-off could also be found ahead of the National Day holiday, pulling back the transaction prices of metallurgical grade silicon. The supply of 421# silicon (chemical grade) was also tight, and the prices for October have been settled between 66000-68000 yuan/mt.

The operating rates of aluminium alloy companies were low even in the traditional seasonal high under the impact of chip shortage. The output of primary aluminium alloy fell amid weak supply and demand. And more secondary aluminium alloy companies suspended their production owing to the power rationing policy. Therefore, the overall operating rates of the aluminium alloy sector dropped, and the downstream mostly purchased on rigid demand. Most organosilicone monomer plants purchased in the form of monthly call for bids, and the rising prices of DMC have also increased their appetite for higher prices. The organosilicone monomer plants that plan to commence production later have created the demand for silicon metal. The profits of polysilicon companies remained lucrative, and are active in restocking.

The restocking demand of the downstream is likely to increase in mid and late October during the dry season. While the market shall keep an eye on the impact of falling operating rates on the short-term demand of silicon metal amid power rationing against the downstream sector. The silicon metal market is likely to be weak in the short term, and the prices of metallurgical grade silicon will rebound further.

dear buddies, Please hold PMB over the long-term.

dear buddies, Please hold PMB over the long-term.

Post removed.Why?

Source: @ RHB analyst 22 October 2021

2022F

Average selling price (USD/t) 6,000

Capacity (tpa) 72,000

PMB Silicon Cash Profit (MYR millions ) 1043

PMB Silicon Net Profit (MYR millions) 958

Hi Buddies, FYI.

Silicon metal. PMAH’s 21%-owned associate, PMB Technology (PMBT MK, NR) operates a silicon metal plant in Samalaju with its newly-expanded capacity of 72ktpa potentially hitting full production in 2022F. While the effective stake of 15ktpa is relatively small vs PMAH’s aluminium tonnage, its contribution could supersize on the back of soaring market prices led by China’s supply cutbacks since 3Q21. This will be earnings accretive to PMAH despite silicon metal being one of its alloy materials, as we note that costs of minor materials (including magnesium) used in its value added products are typically passed on to customers. Our back-of-the-envelope calculation – assuming USD6,000/tonne ASP and Samalaju’s tax holiday – implies a hypothetical PMBT contribution of c.MYR200m in 2022F, or even up to MYR227m, based on PMAH’s enlarged stake of 24% upon the conversion of irredeemable convertible unsecured loan stock (ICULS) and warrants – lying deep in the money (Figure 1).

Source: @ RHB analyst 22 October 2021

RHB analyst 22 October 2021

2022F

Average selling price (USD/t) 6,000

Capacity (tpa) 72,000

PMB Silicon Cash Profit (MYR millions ) 1043

PMB Silicon Net Profit (MYR millions) 958

*******Aaron_tan - please read when you Insomnia

Silicon Metal Market Size - Top manufacturers Entry with was valued at USD 5905.3 million , Global Industry Analysis, Market Share, Growth, Trends, Segmentation and Forecast 2027

Silicon Metal Market watch out for new highest revenue Study Reports 2021 with Top Countries Data 2021 - 2027, Silicon Metal market was valued at USD 5905.3 million in 2019 and it is expected to reach USD 7345.5 million by the end of 2027, growing at a CAGR of 6.6% with 121 Report Page, Current Trends 2021, Future Estimations and Opportunity Analysis, Table of Content, Top Countries key players in a business Ferroglobe,Elkem,Simcoa,Wacker,Rima Group,RW Silicium,UC RUSAL,G.S. Energy,Hoshine Silicon,Yunnan Yongchang Silicon,Elkem Silicones (BlueStar Silicon),Wynca,East Hope,Jinxin Silicon,Great Union,Sichuan Xinhe, list is not exhaustive

In 2021 ,, “Silicon Metal Market“ Size, Status and Market Insights, Forecast to 2027 Silicon Metal is known as a semi-metallic or metalloid, having several of the characteristics of metal. It is the second most abundant element in the Earth's crust after oxygen, naturally occurring in various forms of silicon dioxide or silicates and very rarely in its pure form in volcanic exhalations.

The top 5 manufacturers have about 33% revenue market share in 2019. The Ferroglobe and Hoshine Silicon which has about 9% and nearly 12% market share in 2019, they are the leader in the silicon metal industry.

In terms of types,in 2019, Content 99.0%-99.5% accounted for a major share of about 49% the global Silicon Metal market.

Market Analysis and Insights: Global Silicon Metal Market

The global Silicon Metal market was valued at USD 5905.3 million in 2019 and it is expected to reach USD 7345.5 million by the end of 2027, growing at a CAGR of 6.6% during 2021-2027.

Global Silicon Metal Market: Drivers and Restrains

What is the key drivers and Drivers and Restrains of the market?

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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Additionally, growing industrial and Silicon Metal is expected to boost the growth of market across various industries globally

The report also focuses on global major leading industry players of Global Silicon Metal market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. This report focuses on Silicon Metal Market Trend, volume and value at global level, regional level and company level. From a global perspective, this report represents overall Silicon Metal Market Size by analyzing historical data and future prospect.