SMM June 24 News: The spot price of silicon metal remained stable. SMM east China oxygen-blown #553 silicon metal was priced at 8,000-8,300 yuan/mt, unchanged from the previous working day. In the futures market, the main silicon metal contract SI2509 traded sideways with a bias towards strength. It opened at 7,380 yuan/mt during the day, with a high of 7,550 yuan/mt and a low of 7,315 yuan/mt, closing at 7,485 yuan/mt, up 80 yuan/mt from the previous working day. In terms of warrant data, according to GFEX data, today's silicon metal warrant volume stood at 53,570 lots, equivalent to 267,850 mt, a decrease of 614 lots or 3,070 mt from the previous day, with warrant volume continuing to decline. Futures prices traded sideways in the morning, while in the afternoon, the market was influenced by small articles on polysilicon and other factors, with sentiment driving the futures market to hold up well. Recently, the spot price of silicon metal has been largely stable.
