Metals News
[Minor metal] Slight Increase in Enquiries, More Purchase from Intermediaries at Low Prices
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01:16PM
Dec 7,2009
Source:SMM

SHANGHAI, Jan. 7 (CBI China) -- Silicon Metal prices rebounded slightly, with more enquiries and unimproved transactions.

    At present, the delivery prices were RMB 8400-8800/mt for 553# silicon, prices were RMB 10500-11000/mt for 2202# silicon. The traders increased purchases at low prices, with slim transactions at high prices. 

    A trader in Guangzhou said: "Before the Spring Festival, overseas may have a certain amount of purchases, we also bought some stocks at low prices, and the delivery prices are RMB 9000/mt for 441# silicon.”

    A factory in Kunming said there were more high-grade spot goods with unchanged prices, while low-grade goods, especially spot oxygen 553# was very limited, leading obvious increases in prices, the delivery price in Kunming was RMB 8400/mt. 

    CBI believes that the prices will be on upward trend after the consumption of inventory and the sell-off of goods with low prices. However, the low operating rates in downstream enterprises and stable demand left limited support for silicon prices, as a result, the silicon prices will have limited room for rise in the market outlook.

 

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