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[Minor metal] CBI Forecast - Domestic Silicon Market
SHANGHAI, July 17 (CBI China) -- Offers for silicon metal continued to rise in domestic market during this week, with high market sentiment and increased inquiries. A portion of idled factories intended to restart operation, and traders had high purchasing interest.
Last week, CBI predicts market prices will likely stabilize after slight rise. However, current high purchasing interest of traders is expected to push up silicon metal prices.
Next week, silicon metal prices are expected to climb further slowly. 553# silicon will be traded in the RMB 8,800-9,000/mt range, and 2202# silicon will be traded at RMB 10,000/mt. Market prices will grow at slower pace, and the production restarts at factories will also exert downward pressure on market prices.
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