Silicon Producers Still Reluctant to Move Goods after the Dragon Boat Festival -Shanghai Metals Market

Hot Keywords

  • Zinc
  • Inventory data
  • Rare earth
  • Copper scrap
  • Copper
  • Evening comments
  • Market commentary
  • SMM
  • Morning comments
  • Aluminium
  • MMi Iron Ore Port Index
  • Futures movement
  • Cobalt
  • price forecast
  • Environmental protection drive

Silicon Producers Still Reluctant to Move Goods after the Dragon Boat Festival

Data Analysis 02:08:44PM Jun 17, 2010 Source:SMM

SHANGHAI, Jun. 17 (SMM) -- Offers of silicon metal were still mixed after the Duanwu Festival, and producers' unwillingness to move goods was strong, with offers of low grade silicon metal growing rapidly. With only two working days left in this week, inquires from consumers were few and cargo-holders were also unwilling to move goods since current situation is not clear.

Transactions were extremely sluggish on June 17th. According to SMM latest offers at Huangpu port, prices were between RMB 11,800-12,200/mt for #553 silicon metal, between RMB 12,400-12,900/mt for #441 silicon metal, between RMB 12,800-13,200/mt for #3303 silicon metal and between RMB 13,700-14,100/mt for #2202 silicon metal.

SMM believes that silicon metal prices will be more affected by producers'' mentality than market fundamentals in the short term before uncertainties from electricity price adjustment diffuse, and prices are expected to have upward momentum.

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

 

Silicon Producers Still Reluctant to Move Goods after the Dragon Boat Festival

Data Analysis 02:08:44PM Jun 17, 2010 Source:SMM

SHANGHAI, Jun. 17 (SMM) -- Offers of silicon metal were still mixed after the Duanwu Festival, and producers' unwillingness to move goods was strong, with offers of low grade silicon metal growing rapidly. With only two working days left in this week, inquires from consumers were few and cargo-holders were also unwilling to move goods since current situation is not clear.

Transactions were extremely sluggish on June 17th. According to SMM latest offers at Huangpu port, prices were between RMB 11,800-12,200/mt for #553 silicon metal, between RMB 12,400-12,900/mt for #441 silicon metal, between RMB 12,800-13,200/mt for #3303 silicon metal and between RMB 13,700-14,100/mt for #2202 silicon metal.

SMM believes that silicon metal prices will be more affected by producers'' mentality than market fundamentals in the short term before uncertainties from electricity price adjustment diffuse, and prices are expected to have upward momentum.

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