SHANGHAI, Apr. 24 (SMM) – The approaching delivery time and brief improvement in exports caused stocks for #553 and #441 silicon metal stocks in Guangzhou and Kunming to fall sharply. Producers and traders thus held quotes firm due to tightening supply, driving prices for #553 and #441 to rebound slightly.
According to SMM sources, mainstream traded prices for 553# silicon metal at Huangpu Port increased to RMB 11,100/mt, with quotations up to RMB 11,200/mt, but trading was sparse. Traded prices for #441 silicon metal were RMB 11,900-12,000/mt. Prices for high grade silicon metal, however, remained unimproved or even fell due to considerable stocks. The sharper price movements recently and upcoming high-water season led downstream buyers to believe that silicon metal prices will decline, so most of them only waited on the sidelines.