SHANGHAI, Jun. 17 (SMM) – Silicon metal trading was more brisk on June 14, the second trading day after the Chinese Dragon Boat Festival, but transactions showed no increase. Downstream inquiries were reportedly up and supplies in silicon metal markets rose last Friday. Selling interest among silicon metal producers was strengthened but most of them only cut prices RMB 50-100/mt considering cost pressure. However, downstream buyers still showed low buying interest.
SMM survey reveals that mainstream traded prices at Huangpu Port for #553 silicon metal from Sichuan were down from RMB 11,200/mt to RMB 11,100/mt, with a few deals done at RMB 11,000/mt. Traded prices for #553 silicon metal from Hunan were down from RMB 11,300/mt to RMB 11,200/mt.