Silicon Metal Prices Temporarily Stable from Purchases On An As-Needed Basis -Shanghai Metals Market

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Silicon Metal Prices Temporarily Stable from Purchases On An As-Needed Basis

SMM Insight 03:15:19PM Jul 27, 2010 Source:SMM

SHANGHAI, July 27 (SMM) -- Domestic spot silicon metal prices continued to be stable on July 27, and purchases are made on an as-needed basis in low volumes. According to SMM latest quotes at Huangpu port, prices were between RMB 11,500-11,700/mt for #553 silicon metal, between RMB 12,400-12,700/mt for #441 silicon metal, between RMB 13,000-13,300/mt for #3303 silicon metal and between RMB 13,500-13,900/mt for #2202 silicon metal.

Currently, wait-and-see sentiment is strong from overseas purchasers, and purchasing interest is not high due to soft demand in the market. SMM believes that silicon metal prices will continue to stagnant in the short term, and are expected to remain stable this week.

 

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 Metal Prices Temporarily Stable from Purchases On An As-Needed Basis

SMM Insight 03:15:19PM Jul 27, 2010 Source:SMM

SHANGHAI, July 27 (SMM) -- Domestic spot silicon metal prices continued to be stable on July 27, and purchases are made on an as-needed basis in low volumes. According to SMM latest quotes at Huangpu port, prices were between RMB 11,500-11,700/mt for #553 silicon metal, between RMB 12,400-12,700/mt for #441 silicon metal, between RMB 13,000-13,300/mt for #3303 silicon metal and between RMB 13,500-13,900/mt for #2202 silicon metal.

Currently, wait-and-see sentiment is strong from overseas purchasers, and purchasing interest is not high due to soft demand in the market. SMM believes that silicon metal prices will continue to stagnant in the short term, and are expected to remain stable this week.

 

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