Power costs nudge up low-grade silicon prices
Time：2018-07-16 Click：926
Prices of low-grade silicon nudged up on Monday July 16th for the first time since late May as producers held offers firm on high energy costs.
The price of silicon metal 553# at Huangpu and Tianjin ports at 11,400-11,500CNY/MT and 11,300-11,500CNY/MT, respectively, both up 50CNY/MT from last Friday.
Higher power costs, than the same period last year, forced silicon producers to maintain their offers. Stable demand in short term also supports prices.
Some transactions at ports were heard at 11,500CNY/MT today. Some traders were keen to purchase as their delivery date approached while others took a watch-and-wait stance as their clients had yet to accept current offers.
