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Home / Metal News / Lower inventories, bullish sentiment bolster prices of low-grade silicon

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

Aug 21, 2019 14:49

Source:SMM

At Huangpu port, 553# that did not undergo oxygen refining traded at 10,150 yuan/mt on Aug 21, up 200 yuan/mt from Aug 19

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.

Market commentary

Silicon

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