SHANGHAI, Aug. 29 (SMM) – So far this week, price rise in metallurgical-grade silicon metal market is slowing, SMM learns.
Suppliers show higher interest in sales, but this generated low downstream response. Some silicon metal producers and traders actively made offers to buyers. Despite this, the rising momentum still carries on in metallurgical-grade silicon metal market, and prices are not expected to fall in the short term, but to rise at a slower pace, SMM notes.
China Reports Big Rise in Silicon Metal Exports YoY in July
In the chemical-grade silicon metal market, there is high chance for price to keep advancing. Chemical-grade silicon metal is usually supplied in term contracts each month, and this will lead to concentrated purchases at month end. This, coupled with bullish sentiment and supply shortages, will bolster up market prices.
The price gap between metallurgical and chemical-grade silicon metal, which are close in grades, will be also narrowed to a relatively normal level as a result.
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