Lower inventories, bullish sentiment bolster prices of low-grade silicon-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Stainless steel
  • Aluminium
  • Copper
  • Rare earths
  • Nickel
  • Market commentary
  • Zinc
  • Macroeconomics
  • Iron ore
  • Nickel ore
  • Tin
  • Production data
  • Evening comments
  • Morning comments

Lower inventories, bullish sentiment bolster prices of low-grade silicon

Price Review & Forecast 02:49:11PM Aug 21, 2019 Source:SMM

SHANGHAI, Aug 21 (SMM) – Chinese silicon producers sharply hiked their quotes for low-grade materials this week, as previous sales significantly lowered their inventories and as they were optimistic about the future market.

At Huangpu port, 553# silicon that did not undergo oxygen refining traded at 10,100-10,200 yuan/mt on Wednesday August 21, up 200 yuan/mt from Friday August 19. Some quotes came in at a high of 103,000 yuan/mt.

Traded prices for 441# rose 150 yuan/mt from last Friday and 350 yuan/mt from the start of this month to an average of 11,000 yuan/mt.

Key Words:  Market commentary  Silicon 

Lower inventories, bullish sentiment bolster prices of low-grade silicon

Price Review & Forecast 02:49:11PM Aug 21, 2019 Source:SMM

SHANGHAI, Aug 21 (SMM) – Chinese silicon producers sharply hiked their quotes for low-grade materials this week, as previous sales significantly lowered their inventories and as they were optimistic about the future market.

At Huangpu port, 553# silicon that did not undergo oxygen refining traded at 10,100-10,200 yuan/mt on Wednesday August 21, up 200 yuan/mt from Friday August 19. Some quotes came in at a high of 103,000 yuan/mt.

Traded prices for 441# rose 150 yuan/mt from last Friday and 350 yuan/mt from the start of this month to an average of 11,000 yuan/mt.

Key Words:  Market commentary  Silicon