Chinese silicon metal export prices go up further
2013-09-09 08:58:29 [Print]
BEIJING (Asian Metal) 9 Sep 13 – Chinese domestic silicon metal prices keep increasing sharply further into September and the supply in the spot market is tight. The export prices also go up continuously with 5-5-3, 4-4-1, 3-3-0-3, 3-3-0-3 (low P) and 2-2-0-2 to USD1,880-1,900/t, USD1,990-2,010/t, USD2,090-2,110/t, USD2,110-2,130/t and USD2,250-2,270/t FOB China respectively now. Some offers are higher, but almost no deals are concluded. There are still some irregular activities in the export market and the prices are much lower.
A silicon metal supplier in China, with a regular export volume of around 600tpm for silicon metal, claimed that domestic silicon metal prices keep increasing sharply and their export offers for 5-5-3, 4-4-1, 3-3-0-3 and 2-2-0-2 increase from USD1,900/t, USD2,000/t, USD2,1000/t and USD2,250/t FOB China in late August to USD1,920/t, USD2,020/t, USD2,150/t and USD2,280/t FOB China respectively last week, but few deals were concluded at the level.
The source claimed that the real demand from overseas market did not increase too much. Moreover, the market still saw irregular activities. It is hard to seal deals in the export market. Currently, Chinese domestic silicon metal prices keep increasing and the supply is tight, they do not intend to make offers for future orders.
A silicon metal trader in China, with a regular export volume of around 300tpm for silicon metal, claimed that following the domestic price rise, they raised offers for 5-5-3, 4-4-1 and 3-3-0-3 from USD1,880/t, USD1,980/t and USD2,080/t FOB China to USD1,890/t, USD2,000/t and USD2,100/t FOB China respectively last week, with only some deals in small quantities of around 20t or 40t being concluded recently.
The source noted that export price rise lags behind the domestic price rise now. The market still sees prices of around USD1,850-1,860/t FOB China for 5-5-3 now. However, as domestic silicon metal prices keep rising and there is no signal for the prices to decrease in a short term, Chinese silicon metal export prices will keep increasing gradually in the near future.
A silicon metal supplier in China, with a regular export volume of around 600tpm for silicon metal, claimed that domestic silicon metal prices keep increasing sharply and their export offers for 5-5-3, 4-4-1, 3-3-0-3 and 2-2-0-2 increase from USD1,900/t, USD2,000/t, USD2,1000/t and USD2,250/t FOB China in late August to USD1,920/t, USD2,020/t, USD2,150/t and USD2,280/t FOB China respectively last week, but few deals were concluded at the level.
The source claimed that the real demand from overseas market did not increase too much. Moreover, the market still saw irregular activities. It is hard to seal deals in the export market. Currently, Chinese domestic silicon metal prices keep increasing and the supply is tight, they do not intend to make offers for future orders.
A silicon metal trader in China, with a regular export volume of around 300tpm for silicon metal, claimed that following the domestic price rise, they raised offers for 5-5-3, 4-4-1 and 3-3-0-3 from USD1,880/t, USD1,980/t and USD2,080/t FOB China to USD1,890/t, USD2,000/t and USD2,100/t FOB China respectively last week, with only some deals in small quantities of around 20t or 40t being concluded recently.
The source noted that export price rise lags behind the domestic price rise now. The market still sees prices of around USD1,850-1,860/t FOB China for 5-5-3 now. However, as domestic silicon metal prices keep rising and there is no signal for the prices to decrease in a short term, Chinese silicon metal export prices will keep increasing gradually in the near future.
Silicon Metal 98.5%min Delivered US
Unit:USD/lb
China silicon metal producers' operating rate statistics by province by month
Unit: %
