Cargo Holders were Unwilling to Sell and Raised the Prices, Silicon Metal Prices Rose Significantly
Cargo holders raised the prices intensively, and silicon metal prices rose significantly last week. Prices of 553# silicon without oxygen stood at 17,300-17,400 yuan/mt in east China, up 1,550 yuan/mt or 10% on the week. 553# silicon with oxygen traded between 18,000-18,200/mt, up 1,600 yuan/mt or 10% on the week. 3303# silicon prices were 19,300-19,400 yuan/mt, up 1,050 yuan/mt or 6% on the week. The market sentiment improved as the prices of silicon without oxygen increased.