[Minor metal] Silicon Price Stabilizes

SHANGHAI, Apr. 21 (CBI China) -- Domestic silicon metal price stabilized after slight drop, both sales in domestic market and export market improved, and the market confidence recovered as well.

    A trader in Shanghai said orders received by domestic aluminum factories increased slightly, and Central Government’s economic stimulus packages created a boost for raw material market, and various of metals prices rose in different degrees. The price will likely to rebound slightly if the aluminum alloy market demand improved before high water period.

    A factory in Yunnan said there are still 10kt of high-grade silicon inventory in Kunming currently, without any downward room for current prices. Most of factories will not resume productions before June, leaving limited supply. He also said the delivery price for 2202# silicon in Kunming was in the MRB 9,800-10,000/mt range.

    Traders said the inquiries increased slightly, mainly consisting of orders from Japan, South Korea, India and countries in Southeast Asia. Although transactions were hard to be made at current price, orders have improved.

    A trader in Fujian said recent deals for 553# silicon were made in the range of USD 1,580-1,600/mt (FOB), and 441# silicon was traded at USD 1,650/mt.

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