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Strong Wait-And-See Sentiment in Silicon Market
SHANGHAI, May 4 (SMM) -- Wait-and-see sentiment in China's silicon metal market was strong, and transactions were sluggish. Mainstream traded prices were between RMB 12,700-12,800/mt for #553 silicon metal, RMB 13,300/mt for #441 silicon metal, RMB 13,750/mt for #3303 silicon metal and RMB 14,400/mt for #2202 silicon metal.
According to SMM sources, producers kept offers firm due to support from costs, but downstream consumers mainly adopted a wait-and-see attitude for a further price drop when power charges decline in the future.
To contact the writer on this report: naturewang@smm.cn
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