Silicon Prices Advance in Export Market-Shanghai Metals Market

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Silicon Prices Advance in Export Market

SMM Insight 06:36:38PM Mar 09, 2010 Source:SMM

Silicon Prices Advance in Export Market
SHANGHAI, Mar. 9 (SMM) -- Offers were re-raised again in export market as price to port of domestic silicon climbed. Offers of #553 were in the USD 2,150-2,180/mt range in export market and offers of #441 (FOB) were in the USD 2,250-2,270/mt range. Offers were slightly mixed in the market, as some traders kept offers relatively lower by USD 20-30/mt for the concern that prices may fall with the approaching of high water period.

Exporting volumes increased in Huangpu port, but overall trading sentiment was still sluggish as overseas consumers hoped that China's exporting prices could be lowed. However, production conditions in China still didn't improve, and silicon production is only stable in Hunan and Fujian provinces. SMM believes that rising export prices will be gradually accepted by overseas consumers.

To contact the writer on this report: xiangyu@smm.cn

 

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
 

Silicon Prices Advance in Export Market

SMM Insight 06:36:38PM Mar 09, 2010 Source:SMM

Silicon Prices Advance in Export Market
SHANGHAI, Mar. 9 (SMM) -- Offers were re-raised again in export market as price to port of domestic silicon climbed. Offers of #553 were in the USD 2,150-2,180/mt range in export market and offers of #441 (FOB) were in the USD 2,250-2,270/mt range. Offers were slightly mixed in the market, as some traders kept offers relatively lower by USD 20-30/mt for the concern that prices may fall with the approaching of high water period.

Exporting volumes increased in Huangpu port, but overall trading sentiment was still sluggish as overseas consumers hoped that China's exporting prices could be lowed. However, production conditions in China still didn't improve, and silicon production is only stable in Hunan and Fujian provinces. SMM believes that rising export prices will be gradually accepted by overseas consumers.

To contact the writer on this report: xiangyu@smm.cn

 

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