SMM

As of May 12, prices of standard #553 silicon metal were 14,500-14,800 yuan/mt in east China, down 300 yuan/mt or 3% from a week earlier, prices of above-standard #553 silicon metal stood at 14,700-15,000 yuan/mt, down 350 yuan/mt or 3%, prices of #421 silicon metal were 16,200-16,500 yuan/mt, a drop of 150 yuan/mt or 1%. Silicon metal prices weakened again this week. Even as the lower operating rates of some silicon metal companies reduced the supply slightly, sluggish consumption from aluminium alloys, silicone and exports, coupled with the high inventories, continued to weigh on silicon metal prices.