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[Minor metal] Forecast of Domestic Silicon Market Next Week
SHANGHAI, June 5 (CBI China) -- This week, silicon mental prices tracked the downward trend before the Dragon Boat Festival holiday, and the high-grade silicon prices reported obvious declines. The inquiries were up slightly, but the buying sentiment of purchasers was relatively low, leading to limited transactions. Prices of electricity and petroleum coke fell, eased the production pressure of the factories, but the capacity restarts were still limited.
CBI believes silicon market will face corrections next week. The traded price will be RMB 8,800-9,000/mt for 553# silicon and RMB 10,000/mt for 2202# silicon next week.
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