Overseas Consumers Make Purchases of Silicon Metal in a Small Amount-Shanghai Metals Market

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Overseas Consumers Make Purchases of Silicon Metal in a Small Amount

SMM Insight 05:55:12PM Jan 11, 2010 Source:SMM

SHANGHAI, Jan. 11 (SMM) -- Offers of silicon metal at ports continued to decline, and prices of # 553 silicon metal fell below RMB 12,000/mt. Trading sentiment was still sluggish. However, costs at main producing regions remained at high levels, and producers still kept firm offers with the expectation of increase of ex-works prices.

It still took time for  inventories at ports to be consumed . It was reported, inventories at warehouses of Hongkai, and Yuehua in Huangpu mounted above 11 kt, and oversupply situation would not change in the short term. Currently, domestic downstream consumers believed prices would decline in the future, so they made limited purchases to keep daily production.

In export market, exporters told that since January of 2010, they have received inquiries occasionally but with limited purchasing volumes. Overseas consumers were also concerned that prices might decline in the future, so they only made limited purchasing volumes on an as-needed basis and made purchasing volumes in 40-60 mt range.

 

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None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

 

Overseas Consumers Make Purchases of Silicon Metal in a Small Amount

SMM Insight 05:55:12PM Jan 11, 2010 Source:SMM

SHANGHAI, Jan. 11 (SMM) -- Offers of silicon metal at ports continued to decline, and prices of # 553 silicon metal fell below RMB 12,000/mt. Trading sentiment was still sluggish. However, costs at main producing regions remained at high levels, and producers still kept firm offers with the expectation of increase of ex-works prices.

It still took time for  inventories at ports to be consumed . It was reported, inventories at warehouses of Hongkai, and Yuehua in Huangpu mounted above 11 kt, and oversupply situation would not change in the short term. Currently, domestic downstream consumers believed prices would decline in the future, so they made limited purchases to keep daily production.

In export market, exporters told that since January of 2010, they have received inquiries occasionally but with limited purchasing volumes. Overseas consumers were also concerned that prices might decline in the future, so they only made limited purchasing volumes on an as-needed basis and made purchasing volumes in 40-60 mt range.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn