SMM

Industrial silicon prices in east China fell today. The price of standard #553 silicon metal is 14,000-14,100 yuan/mt, and the average price is reduced by 100 yuan/mt. The price of above-standard #553 silicon metal is 14,100-14,400 yuan/mt, and the average price is reduced by 150 yuan/mt. The average price of 421# is 14,700-15,000 yuan/mt. The average price is reduced by 200 yuan/mt. Today, the price of leading silicon companies is generally adjusted by 600 yuan/mt. The price of standard #553 silicon metal is 14,200 yuan/mt in east China, and 14,700 yuan/mt for 421#. This price adjustment has intensified the pessimism in the industrial silicon market. The current industrial silicon market price fell to near the production lines of silicon companies in most production areas in the north. Silicon companies were under pressure, but buyers still have a wait-and-see attitude. Most purchases are based on demand, and there is little intention to stock. It’s difficult for traders to quote prices due to limited upstream supply and poor downstream market.