[Minor metal] SMM Forecast - Domestic Silicon Market

SHANGHAI, Aug. 21 (SMM) -- Silicon market remained strong during this week, with prices remaining high. Low-grade silicon supply became tight, and prices for high-grade silicon began climbing, but with limited trading volumes and limited upward room.

    Last week, SMM predicts silicon prices will unlikely experience significant growth, with traded prices moving in the RMB 9,500-10,500/mt range, which is in line with market sentiment during this week.

    Market sentiment reported no significant changes, with balanced supply and demand. Support for prices was mainly from costs and factory confidence. As factories had plenty of long-term orders, and the spot prices were high in the market, so traded prices experienced no marked increases.

    Next week, silicon prices will likely remain at current levels, with traded prices at RMB 9,600/mt for #553 silicon, and at RMB 10,500-11,000/mt for #2202 silicon.

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