Chinese silicon metal export market sees lower prices
2014-11-26 08:52:48 [Print]
BEIJING (Asian Metal) 26 Nov 14 - Chinese silicon metal export spot market is still inactive as a reaction to the weak demand from overseas market. The mainstream export offers for 5-5-3, 4-4-1 and 3-3-0-3 decreased to USD2,060-2,080/t, USD2,270-2,290/t and USD2,400-2,420/t FOB China respectively recently, but it was hard to seal deals. The market has seen prices of USD2,040/t, USD2,250/t and USD2,380/t FOB China respectively for 5-5-3, 4-4-1 and 3-3-0-3 and some prices were even lower.
A trader in Southern China, with a regular export volume of around 800tpm for silicon metal, reported that the mainstream prices for 5-5-3, 4-4-1 and 3-3-0-3 have decreased slightly to around RMB12,200-12,300/t (USD1,987-2,003/t), RMB13,400-13,600/t (USD2,182-2,215/t) and RMB14,300-14,400/t (USD2,329-2,345/t) in ports respectively in the recent several days, and they decreased offers for 5-5-3, 4-4-1 and 3-3-0-3 slightly to around USD2,050-2,060/t, USD2,260-2,270/t and USD2,380-2,400/t FOB China respectively, with few deals concluded on the spot market. They are mainly delivering materials on quarterly orders now.
The source claimed that real demand for silicon metal from overseas market sees no increase. Moreover, buyers incline to watch the market when prices are moving down . However, the source expects that Chinese silicon metal prices will not drop sharply further due to the increasing production cost in December in the dry season.
A trader in Southern China, with a regular export volume of around 500tpm for silicon metal, told Asian Metal that they received inquiries of 5-5-3 form December and January delivery from Japan in mid-November and made offers at USD2,060/t FOB China, however, the buyers finally got the prices of around USD2,010-2,020/t FOB China.
“Some suppliers expect the prices to drop further and accept orders at such low level,” said the source. “I think silicon metal prices will decrease slightly further in the near future as a reaction to the large stocks but the prices are likely to be stable or pick up a bit in January . We do not intend to lower offers much for future orders . ”
A trader in Southern China, with a regular export volume of around 800tpm for silicon metal, reported that the mainstream prices for 5-5-3, 4-4-1 and 3-3-0-3 have decreased slightly to around RMB12,200-12,300/t (USD1,987-2,003/t), RMB13,400-13,600/t (USD2,182-2,215/t) and RMB14,300-14,400/t (USD2,329-2,345/t) in ports respectively in the recent several days, and they decreased offers for 5-5-3, 4-4-1 and 3-3-0-3 slightly to around USD2,050-2,060/t, USD2,260-2,270/t and USD2,380-2,400/t FOB China respectively, with few deals concluded on the spot market. They are mainly delivering materials on quarterly orders now.
The source claimed that real demand for silicon metal from overseas market sees no increase. Moreover, buyers incline to watch the market when prices are moving down . However, the source expects that Chinese silicon metal prices will not drop sharply further due to the increasing production cost in December in the dry season.
A trader in Southern China, with a regular export volume of around 500tpm for silicon metal, told Asian Metal that they received inquiries of 5-5-3 form December and January delivery from Japan in mid-November and made offers at USD2,060/t FOB China, however, the buyers finally got the prices of around USD2,010-2,020/t FOB China.
“Some suppliers expect the prices to drop further and accept orders at such low level,” said the source. “I think silicon metal prices will decrease slightly further in the near future as a reaction to the large stocks but the prices are likely to be stable or pick up a bit in January . We do not intend to lower offers much for future orders . ”