Spot Silicon Metal Transactions Face Challenges Under Pressure from Low Futures Prices [SMM Silicon Daily Review]

Published: Jan 7, 2025 17:18

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[SMM Silicon Daily Review: Spot Transactions for New Orders of Silicon Metal Face Challenges Amid Low Futures Prices] Silicon prices in east China slightly declined. Standard #553 silicon metal in east China was priced at 10,900-11,100 yuan/mt, while above-standard #553 silicon metal was at 11,100-11,200 yuan/mt, with the average price down by 50 yuan/mt.

SMM, January 7: Silicon prices in east China saw a slight decline. Standard #553 silicon metal in east China was priced at 10,900-11,100 yuan/mt, while above-standard #553 silicon metal was at 11,100-11,200 yuan/mt, with the average price down by 50 yuan/mt. Today, silicon metal futures prices continued to drop, with the most-traded SI2502 futures contract closing at 10,585 yuan/mt. The low futures prices pressured the market, leaving factory spot prices uncompetitive. In the spot market, downstream inquiries and purchases were scarce. A few silicon plants, having seen no new orders recently and with current silicon prices far below cost lines, reported plans for furnace shutdowns and maintenance in the near term.

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