SHANGHAI, Oct. 20 (SMM) -- Domestic silicon metal market was mixed, and offers continued to inch up. Meanwhile, market supply of high-grade #2202 silicon metal was relatively tight.
A trader, with monthly exports of 1,000mt, said current port price for silicon metal experienced significant growth, leaving difficulties in the availability of low-priced goods. FOB prices climbed as well.
SMM believes both producers and traders hoped silicon metal prices would report a new round of rise during 4Q. At present, silicon demand remained weak (especially in overseas market) despite of the upward momentum for silicon prices, leaving the possibility of reduction in silicon prices.
At present, #2502 silicon was traded at USD 2,000/mt, and offers for #2202 silicon were higher than USD 2,000/mt. Port prices for #553 silicon were close to RMB 10,000/mt, with export prices quoted at USD 1,750-1,780/mt.
Offers for silicon increased by Cents 2/lb to Cents 120-125/lb from Cents 118-123/lb on US free-market.
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