China Silicon Prices to Stabilize in May, SMM Says

SHANGHAI, May 19 (SMM) – Silicon prices in China’s domestic market are likely to stabilize in May, Shanghai Metals Market foresees. 

Falling supply will be a supporter to silicon prices, SMM says. 

The price of oxygen-free #553 silicon metal dropped at a slower pace since the beginning of May following more closures in Chongqing, Hunan and Yunnan.  

Continuous price declines and poor demand are major reasons behind their closures, SMM survey finds.