The price of silicon was temporarily stable this week. As of June 8, the prices of standard #553 silicon metal in east China remained flat on a weekly basis at 13,200-13,400 yuan/mt, those of above-standard #553 silicon metal were flat between 13,500-13,600 yuan/mt, those of #421 silicon metal were unchanged between 14,600-14,800 yuan/mt, and those of #3303 silicon metal were also stable between 14,600-14,900 yuan/mt.
During the week, the quotations of low-grade silicon metal from large plants in north China were firm. The suitable supply of low-grade silicon metal such as #551 and #441 silicon metal was relatively tight. Traders and downstream users remained pessimistic. Most transactions were made under small orders.
More popular news:
SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged
SMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in July
Global Manufacturing PMI Continued To Fall In May, Points To Downturn In Global Economy
SMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV Development
Indonesia Will Launch Nickel Price Index Applied for Domestic Policies and Deter Export Duties on Nickel Products
Chilean Tax Hike Will Deter Copper and Lithium Mine Investment, Push Japanese Mining Companies to Other 24 Countries
Glencore to Aggressively Expand Copper Capacity
World Bank Raises Forecast for Global Economic Growth in 2023 with Significant Increase for China, Emphasises Dangers of A High-Interest Rate Environment, But Lowers Forecast for 2024
Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024
Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies Ahead
Commodity Price Bubble Finally Burst, but Metals Demand Will Surge