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[Minor metal] Forecast of Domestic Silicon Market Next Week
SHANGHAI, Apr. 24 (CBI China) -- This week, silicon metal market rose slightly due to the increases in the inquiries. The prices offered by the factories were up RMB 100-200/mt.
Currently, the transactions were slim, and the domestic demand remained stable, while the market outlook will depend on the overseas orders.
CBI believes the market fluctuations will be limited recently, and it will take some time for price hike to boost the market.
Port price will be in the RMB 9,200-9,500/mt range for 553# silicon and price will be around RMB 10,300/mt for 2202# silicon next week.
Attentions should be paid to the aluminum industry recovery in Japan and domestic electricity reform policy.
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