Sellers, buyers locked in stalemate in spot silicon market

SHANGHAI, Jul 25 (SMM) – Sellers and buyers were in a stalemate on spot silicon prices in Chinese markets on Wednesday July 25.

Smelters held back, some raised their offers slightly with support from high production costs and sufficient orders for the near term. However, most traders and downstream buyers took a watch-and-wait stance after they restocked as needed. 

SMM assessed #441 silicon at 12,250 yuan/mt ex-works in Sichuan province on Wednesday, up 50 yuan/mt from July 24. 

Prices of low-grade silicon products, such as non-oxygen #553, oxygen #553 and #551, ended their upward trend in nearly 10 days after export orders were fulfilled. 

For the most commonly traded #553 non-oxygen silicon, prices stood unchanged on Wednesday, at 11,650 yuan/mt at Huangpu port in Guangdong province. This, however, was up from 11,400 yuan/mt on Friday July 13, according to SMM assessment.