SHANGHAI, Jun. 22 (SMM) -- Uncertainties from governments' electricity price adjustment haven't become clear, and silicon producers' unwillingness to move goods was strong, resulting in limited supply of goods in the spot market. There were almost no transactions in silicon metal market. According to SMM latest mainstream offers of silicon metal in Huangpu port, prices were between RMB 11,900-12,300/mt for #553 silicon metal, between RMB 12,600-12,900/mt for #441 silicon metal, between RMB 13,200-13,600/mt for #33030 silicon metal and between RMB 13,700-14,100/mt for #2202 silicon metal.
As energy-saving and pollution emission-cutting inspection is launched throughout China in June, various local governments lifted electricity prices at producers with high energy consuming and high pollution emission. Although market rumors regarding electricity prices are spreading, any specific details of the price adjustment were not revealed. Silicon metal price movement will not become clear until the end of June when electricity price is settled by the new standard.
To contact the writer on this report: firstname.lastname@example.org
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: email@example.com