ndustrial silicon spot prices were unchanged in East China on October 26, with oxygen 553# material at Yuan 9,300-9,400/tonne and 421# material at Yuan 9,500-9,600/tonne, Mysteel assessed. The assessment did not specify delivery or VAT terms. Futures traded in a narrow range as scheduled output cuts in Southwest China and weaker polysilicon demand pulled prices in opposite directions. Some smelters are expected to stop at month-end. Firmer upstream offers and low trader inventory have widened the basis, limiting the near-term downside for overseas buyers while weak downstream purchasing caps gains.
Edited by Lucas Wang, wangchenghao@mysteel.com
