Strong Wait-and-see Sentiment and Sluggish Transactions at Silicon Metal Market -Shanghai Metals Market

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Strong Wait-and-see Sentiment and Sluggish Transactions at Silicon Metal Market

SMM Insight 04:13:40PM Jul 07, 2010 Source:SMM

SHANGHAI, July 7 (SMM) -- Transactions were sluggish at China's silicon metal market on July 7th, and wait and see sentiment was strong in the market. According to SMM latest offers at Huangpu port, offers were between RMB 12,000-12,300/mt for #553 silicon metal, between RMB 12,800-13,100/mt for #441 silicon metal, between RMB 13,300-13,600/mt for #3303 silicon metal and between RMB 13,800-14,200/mt for #2202 silicon metal.

Prices of silicon metal prices were stable this week, as producers were reluctant to move goods while demand from purchasers was sluggish. Upward momentum for prices was weak, but any room for prices to fall will be limited. SMM believes that wait-and-see sentiment was strong in the market, and silicon metal prices will remain stable in the 2H of this week.

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

 

Strong Wait-and-see Sentiment and Sluggish Transactions at Silicon Metal Market

SMM Insight 04:13:40PM Jul 07, 2010 Source:SMM

SHANGHAI, July 7 (SMM) -- Transactions were sluggish at China's silicon metal market on July 7th, and wait and see sentiment was strong in the market. According to SMM latest offers at Huangpu port, offers were between RMB 12,000-12,300/mt for #553 silicon metal, between RMB 12,800-13,100/mt for #441 silicon metal, between RMB 13,300-13,600/mt for #3303 silicon metal and between RMB 13,800-14,200/mt for #2202 silicon metal.

Prices of silicon metal prices were stable this week, as producers were reluctant to move goods while demand from purchasers was sluggish. Upward momentum for prices was weak, but any room for prices to fall will be limited. SMM believes that wait-and-see sentiment was strong in the market, and silicon metal prices will remain stable in the 2H of this week.

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