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Xinjiang bonded silicon coal prices fell [SMM Silicon Daily Review]

iconMay 8, 2024 17:09
Source:SMM
On May 8, silicon metal prices in East China held stable.

On May 8, silicon metal prices in East China held stable. The price of standard #553 silicon metal was between 12,900-13,100 yuan/mt, that of above-standard one between 13,200-13,400 yuan/mt, and #421 between 13,700-13,800 yuan/mt. Today, silicon market transactions are still dominated by downstream rigid demand. Most silicon companies still suffer losses. In April, some small silicon enterprises in Xinjiang stopped production for maintenance. With slightly weakening demand and high prices in the early stage, the overall bonded silicon coal shipment was poor. Today, the price of Xinjiang bonded silicon coal has dropped by 225 yuan/mt. Currently, its ex-factory price is around 2,000 yuan/mt.

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