Downstream Producers Pessimistic, Silicon Metal Prices Fall Further

SHANGHAI, Mar. 25 (SMM) – In late March, downstream producers, traders and overseas purchasers were all pessimistic towards price outlook of silicon metal. This made many domestic purchasers conservative towards silicon metal purchasing, resulted in sluggish demand in China's silicon metal market. In response, prices of silicon metal, especially low-grade silicon metal, fell steadily. According to SMM sources, mainstream offers at Huangpu port for #553 silicon metal were between RMB 11,200-11,300/mt and traded prices were between RMB 11,100-11,200/mt, with a few deals traded at RMB 11,000/mt.