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[Minor metal] SMM Forecast - Domestic Silicon Market
SHANGHAI, Sept. 4 (SMM) -- Silicon market remained stable during this week, with slight fluctuations in silicon prices. Transactions remained weak, with traded prices at RMB 9,500/mt for #553 silicon metal and at RMB 10,400/mt for #2202 silicon metal.
Last week, SMM predicted silicon prices will fluctuate slightly, which was in line with this week performance.
At present, silicon metal market will not likely report significant improvement, and operating rates remain stable. Market supply, overseas orders and domestic demand were stable as well.
Next week, silicon metal prices will remain at current prices in anticipation of demand recovery and #553-2202 silicon metal will be traded in the RMB 9,400-10,500/mt range.
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