Wait-and-See Sentiment Grows amid Silicon Metal Price Decline

SHANGHAI, Mar. 13 (SMM) – The prevailing pessimistic sentiment continued to weigh down silicon metal prices. At major ports in south China, prices for #553 and #441 silicon metal continued to fall slightly. At Huangpu port, mainstream traded prices for #553 silicon metal (oxygen-free) were RMB 11,300/mt, and mainstream traded prices for #441 were around RMB 12,000/mt.

Downstream purchasers temporarily adopted a wait-and-see attitude amid uncertainties. Traders and silicon metal producers were reluctant to quote prices as they can not accept low inquiries from buyers. Therefore, overall trading sentiment was muted.