Price Spread of China's Refined Cobalt Prices Widens

SHANGHAI, May 25 (SMM)&nbsp;-- As the news regarding electricity price adjustment is spreading in the market, views from producers in different regions were mixed and offers quoted by producers were also mixted, but price range&nbsp;was largely stable. SMM latest mainstream offers at Huangpu port were between RMB 11,800-12,300/mt for #553 silicon metal, between RMB 12,400-12,800/mt for #441 silicon metal, between RMB 13,100-13,500/mt for #3303 silicon metal, and between RMB 14,000-14,400/mt for #2202 silicon metal. Enquiries for silicon metal increased, but transactions were moderate, with strong wait-and-see attitude reported in the market.
According to SMM sources, market views were mixes regarding to electricity price standard during the high-water period in Dehong and Baoshan regions of Yunnan province, but electricity prices in these regions were both above RMB 0.3/kWh, which is higher that electricity prices during the high-water period in 2009.&nbsp; Currently, domestic silicon metal prices can't receive clear direction until the release of electricity price adjustment policies by local governments. In this context, SMM believes that domestic silicon metal producers shall continue to keep firm offers and spot prices shall continue to be stable.
To contact the writer on this report: <a href="mailto:naturewang@smm.cn">naturewang@smm.cn</a>
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