Chinese silicon metal export offers keep going up
2013-12-12 09:08:52 [Print]
BEIJING (Asian Metal) 12 Dec 13 – Chinese silicon metal export offers keep increasing this week with the mainstream offers for 5-5-3, 4-4-1, 3-3-0-3 and 2-2-0-2 at USD2,030-2,050/t, USD2,170-2,190/t, USD2,270-2,300/t and USD2,370-2,400/t FOB China respectively now, while it is hard to seal deals at the high level.
A major silicon metal supplier in China claimed that they received some orders for Q1 recently and deals in the spot market were few due to the uncompetitive offers. According to the source, they quote 5-5-3, 3-3-0-3 and 2-2-0-2 at around USD2,050/t, USD2,300/t and USD2,400/t FOB China respectively this week, with only a few deals being concluded.
According to the source, the offers for 5-5-3, 3-3-0-3 and 2-2-0-2 increase further to RMB12,200/t (USD2,003/t), RMB13,800/t (USD2,266/t) and RMB14,300/t (USD2,348/t) in ports respectively this week, and some offers are even higher. The source noted that with the approaching of the Christmas and New Year holidays, Chinese silicon metal export market will be quiet next week.
A trader in South China, with a regular trading volume of around 1,000tpm, told Asian Metal that their export offers kept rising recently, but the transactions were unfavorable and the domestic sales prices were better than the export prices. The source claimed that the mainstream prices for 5-5-3 and 4-4-1 are RMB12,300/t (USD2,019/t) and RMB13,200/t (USD2,167/t) in ports respectively presently.
The source noted that they quote USD2,045/t FOB China for 5-5-3 to a Japanese buyer this week, but the buyer bids the price at USD2,000/t FOB China, which they could not accept. As for 4-4-1, they quote it at UD2,180/t FOB China, up by USD20/t further against that of last week, with no deals being concluded at the level. Looking ahead, the source thinks that Chinese silicon metal prices will remain firm in the near future on the low operating rate of silicon metal smelters, but there is no signal for the demand to increase sharply and Chinese silicon metal prices will not see sharp increase further.
A major silicon metal supplier in China claimed that they received some orders for Q1 recently and deals in the spot market were few due to the uncompetitive offers. According to the source, they quote 5-5-3, 3-3-0-3 and 2-2-0-2 at around USD2,050/t, USD2,300/t and USD2,400/t FOB China respectively this week, with only a few deals being concluded.
According to the source, the offers for 5-5-3, 3-3-0-3 and 2-2-0-2 increase further to RMB12,200/t (USD2,003/t), RMB13,800/t (USD2,266/t) and RMB14,300/t (USD2,348/t) in ports respectively this week, and some offers are even higher. The source noted that with the approaching of the Christmas and New Year holidays, Chinese silicon metal export market will be quiet next week.
A trader in South China, with a regular trading volume of around 1,000tpm, told Asian Metal that their export offers kept rising recently, but the transactions were unfavorable and the domestic sales prices were better than the export prices. The source claimed that the mainstream prices for 5-5-3 and 4-4-1 are RMB12,300/t (USD2,019/t) and RMB13,200/t (USD2,167/t) in ports respectively presently.
The source noted that they quote USD2,045/t FOB China for 5-5-3 to a Japanese buyer this week, but the buyer bids the price at USD2,000/t FOB China, which they could not accept. As for 4-4-1, they quote it at UD2,180/t FOB China, up by USD20/t further against that of last week, with no deals being concluded at the level. Looking ahead, the source thinks that Chinese silicon metal prices will remain firm in the near future on the low operating rate of silicon metal smelters, but there is no signal for the demand to increase sharply and Chinese silicon metal prices will not see sharp increase further.
Silicon Metal 5-5-3 Delivered Europe
Unit:EUR/mt
China silicon metal producers' sales to production ratio statistics by province by month
Unit: %
