[Minor metal] CBI Forecast - Domestic Silicon Market

SHANGHAI, July 3 (CBI China) -- Silicon metal prices were stable in domestic market during this week. There was a portion of low-priced low-grade silicon in the market, while prices of high-grade silicon had a sign of rise.

    Factories were reluctant to sell, as current prices have hit bottom line, while port prices for high-grade silicon inched up due to rising freight charges. Current market fundamentals remained stable, and market prices will unlikely experience significant changes. The downstream producers were pessimistic towards market outlook, with low purchasing interest, so transactions will remain limited in the near future.

    Next week, the market will remain stable. Price range for low-grade silicon will likely widen due to marked grade differences, but port traded prices will continue to move in the RMB 8,600-8,700/mt range. The prices for high-grade silicon will remain to be tested by the downstream consumers after price hike in view of shortages of cost support.

Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040