SHANGHAI, May 4 (SMM) – Overall silicon metal prices remained virtually stable during the first trading week following the May Day holiday period. While low-end silicon metal prices posted weak performance, high-quality silicon metal prices edged down owing to sluggish polysilicon markets.
As downstream demand is becoming more lackluster, and as cargo-holders are eager to move goods, silicon metal prices are likely to fall noticeably over the near term.
According to SMM sources, silicon metal demand remains slack since a lot of photovoltaic enterprises overseas have suspended production. Exporters have fixed customers, but their supply volumes have fallen considerably compared with the same period last year. As FOB prices of silicon metal have maintained low recently, near most producers' production costs, and since silicon metal has been negatively affected by export tariffs, traders have little intention of selling. Overseas buyers also are purchasing on an as-needed basis, resulting in limited transaction volumes.