Chinese chemical grade silicon metal prices move up slightly further
2014-10-21 09:03:08 [Print]
BEIJING (Asian Metal) 21 Oct 14 - Due to the strong demand from downstream organosilicon and polysilicon markets, Chinese chemical grade silicon metal prices increased further slightly by around RMB100/t (USD16/t) recently with 4-2-1 and 4-1-1 to RMB14,200-14,600/t (USD2,312-2,378/t) and RMB14,300-14,700/t (USD2,329-2,394/t) delivered respectively. Suppliers claimed that there is a deficit of physical material on the spot market.
A source from a smelter in China, running two furnaces of 12,500kva with an output of around 1,400tpm for chemical grade silicon metal, reported that their prices for 4-2-1 (low P) and 4-1-1 (low P) were around RMB14,300/t (USD2,329/t) and RMB14,500/t (USD2,362/t) ex works respectively recently, up by RMB100/t (USD16/t) against those in the first half of October.
The source claimed that they mainly sell materials to domestic consumers with cash payment and they have few stocks in hand under the strong demand. Looking ahead, the source thinks that the chemical grade silicon metal prices will continue the firm trend in the near future.
A chemical grade silicon metal supplier in China, with a current output of around 3,600tpm, claimed that their transaction prices for 4-2-1 and 4-1-1 were around RMB14,500/t (USD2,362/t) and RMB14,700/t (USD2,394/t) in ports respectively recently, an increase of RMB100/t (USD16/t) against the RMB14,400/t (USD2,345/t) and RMB14,600/t (USD2,378/t) in ports in early October. They sell part of the materials to exporters and part to domestic consumers and have few stocks in hand now.
The source added that chemical grade silicon metal output in South China will decrease a bit in the coming dry season and the demand is likely to keep strong, and thus, they think that chemical grade silicon metal prices will move up slightly further in the dry season.
A source from a smelter in China, running two furnaces of 12,500kva with an output of around 1,400tpm for chemical grade silicon metal, reported that their prices for 4-2-1 (low P) and 4-1-1 (low P) were around RMB14,300/t (USD2,329/t) and RMB14,500/t (USD2,362/t) ex works respectively recently, up by RMB100/t (USD16/t) against those in the first half of October.
The source claimed that they mainly sell materials to domestic consumers with cash payment and they have few stocks in hand under the strong demand. Looking ahead, the source thinks that the chemical grade silicon metal prices will continue the firm trend in the near future.
A chemical grade silicon metal supplier in China, with a current output of around 3,600tpm, claimed that their transaction prices for 4-2-1 and 4-1-1 were around RMB14,500/t (USD2,362/t) and RMB14,700/t (USD2,394/t) in ports respectively recently, an increase of RMB100/t (USD16/t) against the RMB14,400/t (USD2,345/t) and RMB14,600/t (USD2,378/t) in ports in early October. They sell part of the materials to exporters and part to domestic consumers and have few stocks in hand now.
The source added that chemical grade silicon metal output in South China will decrease a bit in the coming dry season and the demand is likely to keep strong, and thus, they think that chemical grade silicon metal prices will move up slightly further in the dry season.
Silicon Metal 3-3-03 P 30ppm max FOB China
Unit:USD/mt
China silicon metal producers' number MoM output increase statistics by province by month
Unit: pcs
