SHANGHIA, May 26 (SMM) -- Electricity prices in southwest China during high-water period will be announced during late May and early June. It is expected that the dropped electricity prices will also drag down domestic spot silicon metal prices. In addition, as demand for silicon metal from overseas continued to be sluggish, FOB quoted by domestic silicon metal exporters continued to slip. SMM latest mainstream FOB Huangpu port were between USD 2,120-2,170/mt for #553 silicon metal, between USD 2,200-2,250/mt for #441 silicon metal, between USD 2,300-2,350/mt for #3303 silicon metal, and between USD 2,400-2,450/mt for #2202 silicon metal.
According to SMM sources, some large silicon metal purchasers had already planned to invite bids for production in 3Q, and the negotiation is on the way. With the recovery of demand from abroad improving, domestic spot prices will stay stable, and SMM believes that FOB will cease to decline and stay stable in the short term.
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