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SMM Comments: Quotations Fell with Strong Willingness to Shipment of Silicon Holders

iconMar 24, 2022 15:00
Source:SMM
Silicon prices continued downward trend today, while Tianjin port 441# silicon stood at 22,700-22,800 yuan/mt, 3303# silicon at 23,500-23,700 yuan/mt.

SHANGHAI, Mar 24 (SMM) - Silicon prices continued downward trend today, while Tianjin port 441# silicon stood at 22,700-22,800 yuan/mt, 3303# silicon at 23,500-23,700 yuan/mt. Some of the downstream users had been bidding for procurement. Due to the adequate silicon metal spot supply and weak purchases, some silicon holders continued to decrease quotations for fear that the prices kept falling. Because there were always sources at low prices, downstream buyers were more willing to depress prices and maintained rigid purchases.

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The above representation and data is based on market information SMM believes to be reliable at the time of acquiring as well as the comprehensive assessment by SMM research team, and any and all information provided in this article is for reference only. This article does not constitute a direct recommendation for investment or any decisions in any form and clients shall act on their own discreet and any decisions made by clients are not within the responsibility of SMM.

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