China's Silicon Metal Prices Slip, but still Few Enquires -Shanghai Metals Market

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China's Silicon Metal Prices Slip, but still Few Enquires

SMM Insight 02:08:20PM May 11, 2010 Source:SMM

SHANGHAI, May 11 (SMM) -- Spot prices for China's silicon metal all fell by RMB 200-400/mt. Although offers of silicon metal all declined in China, enquires and transactions were still few as purchasers believed that silicon metal prices shall still have room to fall further.

SMM mainstream offers at Huangpu port were as follows: prices were between RMB 12,400-12,800/mt for #553 silicon metal, between RMB 12,800-13,200/mt for #441 silicon metal, between RMB 13,400-13,800/mt for #3303 silicon metal and between RMB 14,100-14,500/mt for #2202 silicon metal. Market still expected lower prices in the future, but any room for silicon metal prices to fall significantly this year will be limited due to support from high costs as well as from slower recovery of operating rates.

To contact the writer on this report: naturewang@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


 

China's Silicon Metal Prices Slip, but still Few Enquires

SMM Insight 02:08:20PM May 11, 2010 Source:SMM

SHANGHAI, May 11 (SMM) -- Spot prices for China's silicon metal all fell by RMB 200-400/mt. Although offers of silicon metal all declined in China, enquires and transactions were still few as purchasers believed that silicon metal prices shall still have room to fall further.

SMM mainstream offers at Huangpu port were as follows: prices were between RMB 12,400-12,800/mt for #553 silicon metal, between RMB 12,800-13,200/mt for #441 silicon metal, between RMB 13,400-13,800/mt for #3303 silicon metal and between RMB 14,100-14,500/mt for #2202 silicon metal. Market still expected lower prices in the future, but any room for silicon metal prices to fall significantly this year will be limited due to support from high costs as well as from slower recovery of operating rates.

To contact the writer on this report: naturewang@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