Chinese high-grade silicon metal prices decrease
2023-03-14 08:28:48 [Print]
BEIJING (Asian Metal) 14 Mar 23 - Dragged by the sluggish demand, the current mainstream prices of high-grade silicon metal 2-2-02 in China decreased by RMB1,000/t (USD145/t) to RMB21,000-22,000/t (USD3,050-3,195/t) delivered to main port from early last week. Given the high production cost, insiders predict the mainstream prices of silicon metal 2-2-02 in China would keep stable next week.
A producer in Fujian revealed that his current offer for silicon metal 2-2-02 stands at RMB22,000/t (USD3,195/t) delivered to port with the discount of RMB1,000/t (USD145/t) at most for firm bids, and he sold 20t at RMB21,000/t (USD3,050/t) on Monday, down by RMB1,000/t (USD145/t) from his price early last week. "The demand turned sluggish, and I only could sell 20-30t every two weeks since late February but usually at least 20t every week," revealed the producer on Monday. He added that the current prices already approached to his production cost, and he couldn't further decrease prices, and he predicts the mainstream prices of silicon metal 2-2-02 in China would keep firm this week.
The producer, with an annual production capacity of 17,200t of silicon metal, expects to produce around 700t in March with one out of two furnaces of 12,500kVA in operation, down by about 700t from last month as they plan to stop production at the end of this month, holding around 200t in stock.
A trader in Fujian disclosed that most of his suppliers in Fujian quoted RMB22,000/t (USD3,195/t) delivered to Huangpu currently, and he purchased 20t at RMB21,000/t (USD3,050/t) on Monday from a supplier who insisted on RMB22,000/t (USD3,195/t) early last week. "Upon the sluggish domestic and overseas demand, my major suppliers could give the discount of RMB1,000/t (USD145/t)) for the sake of firm bids, but most suppliers turned reluctant to move price down further upon the high production cost," claimed the trader on Monday. He foresees the mainstream prices of silicon metal 2-2-02 in China would keep firm this week upon firm offers from suppliers.
The trader, with a regular monthly trading volume of 100t of silicon metal 2-2-02, expects to sell around 50t at most in March, down by 50t from last month, holding no stock.
A producer in Fujian revealed that his current offer for silicon metal 2-2-02 stands at RMB22,000/t (USD3,195/t) delivered to port with the discount of RMB1,000/t (USD145/t) at most for firm bids, and he sold 20t at RMB21,000/t (USD3,050/t) on Monday, down by RMB1,000/t (USD145/t) from his price early last week. "The demand turned sluggish, and I only could sell 20-30t every two weeks since late February but usually at least 20t every week," revealed the producer on Monday. He added that the current prices already approached to his production cost, and he couldn't further decrease prices, and he predicts the mainstream prices of silicon metal 2-2-02 in China would keep firm this week.
The producer, with an annual production capacity of 17,200t of silicon metal, expects to produce around 700t in March with one out of two furnaces of 12,500kVA in operation, down by about 700t from last month as they plan to stop production at the end of this month, holding around 200t in stock.
A trader in Fujian disclosed that most of his suppliers in Fujian quoted RMB22,000/t (USD3,195/t) delivered to Huangpu currently, and he purchased 20t at RMB21,000/t (USD3,050/t) on Monday from a supplier who insisted on RMB22,000/t (USD3,195/t) early last week. "Upon the sluggish domestic and overseas demand, my major suppliers could give the discount of RMB1,000/t (USD145/t)) for the sake of firm bids, but most suppliers turned reluctant to move price down further upon the high production cost," claimed the trader on Monday. He foresees the mainstream prices of silicon metal 2-2-02 in China would keep firm this week upon firm offers from suppliers.
The trader, with a regular monthly trading volume of 100t of silicon metal 2-2-02, expects to sell around 50t at most in March, down by 50t from last month, holding no stock.
