Spot silicon trades slow after fulfillment of export orders

SHANGHAI, Jul 31 (SMM) – In China's spot silicon market, cargo delivery from warehouses across domestic ports and traders' procurement slowed down on Tuesday July 31. 

Export orders that were fulfilled in the previous two weeks, and the advance fulfillment of many orders with delivery dates in August accounted for the slowdown. New export orders for August declined from July due to summer vacations in many countries, SMM learned. 

SMM assessed the price of #553 silicon with oxygen at 12,000-12,100 yuan/mt at Tianjin port on July 31, which remained flat for a week. Prices of #3303 silicon stood at 13,400-13,500 yuan/mt at Tianjin port on Tuesday, remaining flat for close to three weeks, according to SMM assessment.