SMM Review Of Silver Paste Prices Last Week

Published: Jul 24, 2023 16:46

Source: SMM

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Between 17th and 21st July, the average guide price of silver paste for the backplane of solar cell ranged between 4130-4218 yuan/kg. The average guide prices of silver paste for busbar and fingers on the front side of solar cell stood at 6306-6439 yuan/kg and 7019-7123 yuan/kg respectively.

The price pattern mirrored silver trends, rising then falling. Tuesday's US retail sales for June, at 0.2%, were 0.5 percentage points below expectation and 0.3 percentage points less than the previous figure. Silver prices rose alongside the previous fortnight's CPI trend. The US reported 228,000 initial jobless claims as of 15th July, lower than the prior 237,000 and expected 242,000. This bearish data triggered a drop in silver prices. Consequently, silver prices mirrored a reverse "V" pattern.

Silver price stayed high midweek, curbing buyers' enthusiasm. Silver price fluctuated between 5300-5400 yuan/kg earlier and thus downstream sectors ordered in advanced, expecting economic data release to impact prices. This led to spot goods shortages and premium spikes. After completing production purchases, last week's procurement interest dipped.

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