SHANGHAI, July 5 (SMM) -- Enquires were relatively brisk in domestic spot silicon metal market, but actual transactions were few. As smelters kept offers firm, purchasers only made purchases on an as needed prices. However, as some producers were eager to move goods for cash, prices were lowered slightly.
Latest mainstream offers at Huangpu port were between RMB 12,000-12,300/mt for #553 silicon metal, were between RMB 12,800-13,100/mt for #441 silicon metal, were between RMB 13,300-13,600/mt for #3303 silicon metal and were between RMB 13,800-142,000/mt for #2202 silicon metal. Prices for #553 and #441 silicon metal were down, and prices of #2202 silicon metal were temporarily stable.
Silicon metal prices unexpectedly rebounded in June, but supply of silicon metal is expected to increase in a large amount when entering into the high water period in July. Currently, downstream demand for silicon metal was still sluggish at present. SMM believes that silicon metal prices will slip significantly in July in spot market.
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