SHANGHAI, Jan. 24 (SMM) – This week is the last trading week before the 2017 Chinese New Year holiday in late January, and SMM survey market players for outlook in the silicon metal market after the holiday.
The survey finds that mixed views over the outlook.
Some players expect silicon metal prices to surge after the holiday, as utilization rates at domestic silicon metal producers after the holiday are usually at year’s lowest level. With inventories being digested, silicon metal market will see rising momentum.
However, procurement price for February and March is lower than current price, reducing market confidence over the rising strength to some extent.
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