[Minor metal] Silicon Market Operates Smoothly

SHANGHAI, July 6 (CBI China) -- Domestic silicon metal market recorded no improvement and remained bearish. Port prices for 553# silicon were in the wide range of RMB 8,500-8,900/mt, given different quality levels for 553# silicon. Spot prices for 2202# silicon were about RMB 10,000/mt, and spot prices for a portion of silicon metal with low-phosphor and low-boron were above RMB 11,000/mt. 

    Factories in Sichuan province kept their offers firm and they became unwilling to sell, as current prices have reached the cost line. Factories with relatively ample capitals maintained their normal production, with no sell-off activities, while small size factories intended to halt production.

    Prices for high-grade silicon have been firm during recent two weeks in Yunnan province, and prices for 2202 # silicon metal were mainly RMB 9,500/mt in Kunming. Select factories said port prices were slightly lower than traded prices in Kunming, due to greater sales pressure, and with freight charges excluded. Most of factories received large number of stable orders, so silicon prices will not fall further in the near future.

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