Chinese chemical silicon metal prices edge down
2023-03-08 08:31:16 [Print]
BEIJING (Asian Metal) 8 Mar 23 - Dragged by the remaining sluggish demand, the current mainstream prices of chemical silicon metal 4-2-1 in China edged down by RMB200/t (USD29/t) to RMB18,600-19,100/t (USD2,682-2,754/t) delivered D/A 180 days from early last week. Given the sluggish demand, insiders predict the mainstream prices of chemical silicon metal 4-2-1 in China would go down further next week.
A producer in Xinjiang disclosed that his current offer for silicon metal 4-2-1 stands at RMB18,500/t (USD2,668/t) EXW D/A 180 days, and he sold 200t at RMB18,600/t (USD2,682/t) delivered D/A 180 days to a regular client covered the freight of RMB150/t (USD21/t) on Tuesday, while he insisted on RMB18,800/t (USD2,711/t) for the similar inquiry last week. "We ramped up output in February by about 20% while the demand from organosilicon plants remains sluggish, therefore, my inventory slightly increased this month," described the producer on Tuesday. He predicts the mainstream price of silicon metal 4-2-1 would drop further next week upon the oversupply.
The company, with an annual production capacity of 50,000t of silicon metal, expects to produce about 3,000t in March, an increase of about 1,000t from last month, holding around 2,000t in stock. The producer outputted about 40,000t in total last year.
Another producer in Heilongjiang disclosed that he sold 200t of silicon metal 4-2-1 at RMB18,600/t (USD2,682/t) delivered to Tianjin port D/A 180 days covered the transport about RMB300/t (USD43/t), down by RMB200/t (USD29/t) from the price he defended early last week. "The demand turned unrecovered from organosilicon plants and I decreased prices to boost sales upon the rolling-up inventory," revealed the producer on Tuesday. Upon the sufficient supply, he predicts the mainstream prices of chemical 4-2-1 in China would go down further next week.
The company, with an annual production capacity of 15,000t of silicon metal, expects to produce about 1,200t in March, up by about 600t from last month, holding around 300t in stock.
A producer in Xinjiang disclosed that his current offer for silicon metal 4-2-1 stands at RMB18,500/t (USD2,668/t) EXW D/A 180 days, and he sold 200t at RMB18,600/t (USD2,682/t) delivered D/A 180 days to a regular client covered the freight of RMB150/t (USD21/t) on Tuesday, while he insisted on RMB18,800/t (USD2,711/t) for the similar inquiry last week. "We ramped up output in February by about 20% while the demand from organosilicon plants remains sluggish, therefore, my inventory slightly increased this month," described the producer on Tuesday. He predicts the mainstream price of silicon metal 4-2-1 would drop further next week upon the oversupply.
The company, with an annual production capacity of 50,000t of silicon metal, expects to produce about 3,000t in March, an increase of about 1,000t from last month, holding around 2,000t in stock. The producer outputted about 40,000t in total last year.
Another producer in Heilongjiang disclosed that he sold 200t of silicon metal 4-2-1 at RMB18,600/t (USD2,682/t) delivered to Tianjin port D/A 180 days covered the transport about RMB300/t (USD43/t), down by RMB200/t (USD29/t) from the price he defended early last week. "The demand turned unrecovered from organosilicon plants and I decreased prices to boost sales upon the rolling-up inventory," revealed the producer on Tuesday. Upon the sufficient supply, he predicts the mainstream prices of chemical 4-2-1 in China would go down further next week.
The company, with an annual production capacity of 15,000t of silicon metal, expects to produce about 1,200t in March, up by about 600t from last month, holding around 300t in stock.
