Stagnant Trading Sentiment in China's Silicon Metal Market -Shanghai Metals Market

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Stagnant Trading Sentiment in China's Silicon Metal Market

SMM Insight 03:36:02PM Jun 21, 2010 Source:SMM

SHANGHAI, Jun. 21 (SMM) -- Silicon spot market extended its post- Dragon Boat Festival sluggish performance on June 21st. Producers kept firm offers and showed strong unwillingness to move goods. Demand from downstream purchasers who were unwilling to make purchases was sluggish, despite that there were inquiries in the market. Market sentiment was stagnant between suppliers and buyers, with extremely sluggish trading sentiment reported in the market. SMM latest mainstream offers at Huangpu port were between RMB 11,800-12,200/mt for #553 silicon metal, between RMB 12,500-12,800/mt for #441 silicon metal, between RMB 12,900-13,200/mt for #3303 silicon metal and between RMB 13,700-14,100/mt for #2202 silicon metal.

As demand for silicon metal from abroad hasn’t recovered significantly, SMM believes that any upward momentum for silicon metal prices will be limited. Silicon metal market is waiting for a clear electricity price adjustment various regions to guide silicon metal prices in the future.

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

 

Stagnant Trading Sentiment in China's Silicon Metal Market

SMM Insight 03:36:02PM Jun 21, 2010 Source:SMM

SHANGHAI, Jun. 21 (SMM) -- Silicon spot market extended its post- Dragon Boat Festival sluggish performance on June 21st. Producers kept firm offers and showed strong unwillingness to move goods. Demand from downstream purchasers who were unwilling to make purchases was sluggish, despite that there were inquiries in the market. Market sentiment was stagnant between suppliers and buyers, with extremely sluggish trading sentiment reported in the market. SMM latest mainstream offers at Huangpu port were between RMB 11,800-12,200/mt for #553 silicon metal, between RMB 12,500-12,800/mt for #441 silicon metal, between RMB 12,900-13,200/mt for #3303 silicon metal and between RMB 13,700-14,100/mt for #2202 silicon metal.

As demand for silicon metal from abroad hasn’t recovered significantly, SMM believes that any upward momentum for silicon metal prices will be limited. Silicon metal market is waiting for a clear electricity price adjustment various regions to guide silicon metal prices in the future.

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