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.
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