Chinese silicon metal 5-5-3 prices increase continuously
2014-09-19 08:40:32 [Print]
BEIJING (Asian Metal) 19 Sep 14 - Chinese silicon metal suppliers claimed that there is still a deficit of physical material of 5-5-3 on the spot market and keep raising offers. The mainstream prices for 5-5-3 went up by RMB100/t (USD16/t) to RMB12,500-12,700/t (USD2,033-2,065/t) in ports early this week and further by RMB100/t (USD16/t) to RMB12,600-12,800/t (USD2,049-2,081/t) in ports late this week. The prices for 5-5-3 (low P/B) increased slightly further to RMB12,900-13,100/t (USD2,098-2,130/t) ex works late this week. Moreover, it is hard to purchase materials in large quantities from the spot market. The export prices for 5-5-3 increased from USD2,080-2,100/t FOB China early this week to USD2,100-2,120/t FOB China late this week.
A source from a silicon metal smelter in Fujian, with an output of around 1,400tpm, told Asian Metal that they sealed deals for 5-5-3 (low P/b) at RMB12,900-13,000/t (USD2,098-2,114/t) ex works this week, up by RMB100/t (USD16/t) further against those of last week. The prices for 4-4-1 without oxygen-blown are stable at RMB13,400-13,500/t (USD2,179-2,195/t) this week.
The source noted that silicon metal prices are moving up and the supply is tight on the spot market. Therefore, they do not accept orders in big quantities currently and incline to sell in small quantities on the spot market.
A trader in India, with a regular trading volume of around 300tpm for silicon metal, claimed that the offers for 5-5-3 from China increased from USD2,110/t CIF Nhava Sheva late last week to USD2,130/t CIF Nhava Sheva early this week and further to USD2,150/t CIF Nhava Sheva late this week. They have stocks of 5-5-3 purchased at USD2,020/t CIF Nhava Sheva in late August and did not add stocks recently.
“We have prepared some silicon metal stocks in late August and early September when Chinese silicon metal prices started to pick up, but demand in the local market is not strong and buyers could not accept such sharp price rise,” said the source. “With some stocks in hand, we just keep an eye on the market now.”
A source from a silicon metal smelter in Fujian, with an output of around 1,400tpm, told Asian Metal that they sealed deals for 5-5-3 (low P/b) at RMB12,900-13,000/t (USD2,098-2,114/t) ex works this week, up by RMB100/t (USD16/t) further against those of last week. The prices for 4-4-1 without oxygen-blown are stable at RMB13,400-13,500/t (USD2,179-2,195/t) this week.
The source noted that silicon metal prices are moving up and the supply is tight on the spot market. Therefore, they do not accept orders in big quantities currently and incline to sell in small quantities on the spot market.
A trader in India, with a regular trading volume of around 300tpm for silicon metal, claimed that the offers for 5-5-3 from China increased from USD2,110/t CIF Nhava Sheva late last week to USD2,130/t CIF Nhava Sheva early this week and further to USD2,150/t CIF Nhava Sheva late this week. They have stocks of 5-5-3 purchased at USD2,020/t CIF Nhava Sheva in late August and did not add stocks recently.
“We have prepared some silicon metal stocks in late August and early September when Chinese silicon metal prices started to pick up, but demand in the local market is not strong and buyers could not accept such sharp price rise,” said the source. “With some stocks in hand, we just keep an eye on the market now.”
Silicon Metal 98.5%min Delivered US
Unit:USD/lb
China silicon metal producers' output statistics by province by month
Unit: mt
