Sluggish Silicon Metal Export Market Due to Soft Overseas Demand -Shanghai Metals Market

Hot Keywords

  • Air pollution
  • Inventory data
  • Zinc
  • Nickel
  • Market commentary
  • Copper
  • nickel laterite
  • hydrogenation stations
  • Aluminium
  • Nickel ore
  • Futures movement
  • Macroeconomics
  • Production data
  • Morning comments
  • Tin

Sluggish Silicon Metal Export Market Due to Soft Overseas Demand

SMM Insight 05:33:29PM Jul 28, 2010 Source:SMM

SHANGHAI, July 28 (SMM) -- Silicon metal export market was still sluggish in the spot market, and overseas enquiries were quiet. Transactions were done in small volumes and overall trading sentiment was extremely sluggish.

According to SMM latest mainstream FOB at Huangpu port, prices were between USD 2,070-2,130/mt for #553 silicon metal, between USD 2,200-2,250/mt for #441 silicon metal, between USD 2,300-2,350/mt for #3303 silicon metal and between USD 2,400-2,450/mt for #2202 silicon metal.

Silicon metal export market continued to be sluggish due to the impact of summer break in Japan, South Korea, the EU and the US. The sluggish market is also due to stricter custom clearance. Inventories were relatively low at domestic goods holders, and they only replenish stocks after they have received orders. SMM believes that export silicon metal prices will continue to stay stable if domestic silicon metal prices still hover without clear direction.

 

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

 

Sluggish Silicon Metal Export Market Due to Soft Overseas Demand

SMM Insight 05:33:29PM Jul 28, 2010 Source:SMM

SHANGHAI, July 28 (SMM) -- Silicon metal export market was still sluggish in the spot market, and overseas enquiries were quiet. Transactions were done in small volumes and overall trading sentiment was extremely sluggish.

According to SMM latest mainstream FOB at Huangpu port, prices were between USD 2,070-2,130/mt for #553 silicon metal, between USD 2,200-2,250/mt for #441 silicon metal, between USD 2,300-2,350/mt for #3303 silicon metal and between USD 2,400-2,450/mt for #2202 silicon metal.

Silicon metal export market continued to be sluggish due to the impact of summer break in Japan, South Korea, the EU and the US. The sluggish market is also due to stricter custom clearance. Inventories were relatively low at domestic goods holders, and they only replenish stocks after they have received orders. SMM believes that export silicon metal prices will continue to stay stable if domestic silicon metal prices still hover without clear direction.

 

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