SHANGHAI, Dec 26 (SMM) – Some domestic silicon traders suspended trading on settlement at the end of the year, and this slowed transactions in Shanghai spot market on Wednesday December 26.
This morning, producers of #553 silicon firmed up offers as their in-plant stocks shrank. This grew traders' cautious sentiment.
Traders hesitated in purchasing as downstream orders remained sluggish, and as their cash flow problems occurred, SMM learned.
SMM assessments showed that 553# silicon traded at 11,700-11,800 yuan/mt in Shanghai today, up 150 yuan/mt from Tuesday December 26; prices of #441 silicon also picked up 200 yuan/mt to 12,700-12,900 yuan/mt in Shanghai.