Silicon metal prices in the US drop
2023-03-03 10:16:43 [Print]
BEIJING (Asian Metal) 3 Mar 23 - Dragged by the sluggish demand, the current mainstream prices of silicon metal 5-5-3 in the US slipped by USD0.03/lb Si to USD1
A trader in the US disclosed that he currently quotes USD2.00/lb Si D . D . P with the discount of USD0.05/lb Si at most and he sold 20t at USD0.95/lb Si late this week, while he insisted on USD2.00/lb Si early last week . "The demand from aluminum plant remains sluggish upon the weak demand of auto in the US, and I predict the mainstream prices of silicon metal 5-5-3 in the US would go down further next week," disclosed the trader on Thursday.
With a regular monthly trading volume for silicon metal around 100t in the spot market, the trader predicts to sell around 60t in March, down by about 100t from last month, holding around 100t in stock.
Another trader in the US revealed that his current offer for silicon metal 5-5-3 stands at USD1.90/lb Si in warehouse with no discount, down by about USD0.03/lb Si from early last week, and he sold 100t at USD1.94/lb Si D . D . P covered the logistic cost of USD0.04/lb Si this week . "The demand in the US unrevived yet due to the poor sales of auto, and some clients regular sign long-term quarter contract but changed to purchase from spot market upon their bearish attitudes towards the outlook, and I believe the mainstream prices of silicon metal 5-5-3 in the US would go down further next week," disclosed the trader on Thursday.
The trader, based on a regular monthly trading volume for silicon metal around 500t, predicts to sell around 300t in March, down by about 100t from last month, holding around 300t in stock.
. 94-1.98/lb Si D . D . P this week from early last week . Given the shrinking demand, insiders foresee the mainstream prices of silicon metal 5-5-3 in the US would go down further next week.
A trader in the US disclosed that he currently quotes USD2.00/lb Si D . D . P with the discount of USD0.05/lb Si at most and he sold 20t at USD0.95/lb Si late this week, while he insisted on USD2.00/lb Si early last week . "The demand from aluminum plant remains sluggish upon the weak demand of auto in the US, and I predict the mainstream prices of silicon metal 5-5-3 in the US would go down further next week," disclosed the trader on Thursday.
With a regular monthly trading volume for silicon metal around 100t in the spot market, the trader predicts to sell around 60t in March, down by about 100t from last month, holding around 100t in stock.
Another trader in the US revealed that his current offer for silicon metal 5-5-3 stands at USD1.90/lb Si in warehouse with no discount, down by about USD0.03/lb Si from early last week, and he sold 100t at USD1.94/lb Si D . D . P covered the logistic cost of USD0.04/lb Si this week . "The demand in the US unrevived yet due to the poor sales of auto, and some clients regular sign long-term quarter contract but changed to purchase from spot market upon their bearish attitudes towards the outlook, and I believe the mainstream prices of silicon metal 5-5-3 in the US would go down further next week," disclosed the trader on Thursday.
The trader, based on a regular monthly trading volume for silicon metal around 500t, predicts to sell around 300t in March, down by about 100t from last month, holding around 300t in stock.