Sellers, buyers locked in stalemate in spot silicon market

‍‍Sellers and buyers were in a stalemate on spot silicon prices in Chinese markets on Tuesday July 24th.

Smelters held back, some raised their offers slightly with support from high production costs and sufficient orders for the near term. However, most traders and downstream buyers took a watch-and-wait stance after they restocked as needed.

The price of silicon metal 441# at 12,250CNY/MT ex-works in Sichuan province on Tuesday, up 50CNY/MT from July 24th.

Prices of low low-grade silicon products, such as silicon metal 553# non-oxygen, oxygen and 551#, ended their upward trend in nearly 10 days after export orders were fulfilled.

For the most commonly traded silicon metal 553# non-oxygen, prices stood unchanged on Tuesday, at 11,650CNY/MT at Huangpu port in Guangdong province. This, however, was up from 11,400CNY/MT on Friday July 13th.

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