Chinese chemical silicon metal prices drop
2023-03-16 08:27:31 [Print]
BEIJING (Asian Metal) 16 Mar 23 - Discouraged by the sluggish demand, the current mainstream prices of chemical silicon metal 4-2-1 in China moved down by RMB300/t (USD43/t) to RMB18,200-18,700/t (USD2,643-2,716/t) delivered from early last week. Given the sluggish demand, insiders predict the mainstream prices of chemical silicon metal 4-2-1 in China still have room to go down next week.
A producer in North China disclosed that he sold 120t of chemical silicon metal 4-2-1 at RMB18,300/t (USD2,657/t) delivered to Shandong this week, while he insisted on RMB18,600/t (USD2,701/t) for the same inquiry since early last week. "Over half of my regular clients only purchased about half or quarter of their regular amounts dragged by the sluggish demand of their ending products," revealed the producer on Wednesday. Given the sluggish demand, he foresees the mainstream prices of chemical silicon metal 4-2-1 in China would go down further next week.
The producer, based on an annual production capacity of 18,000t of silicon metal, expects to produce about 1,200t in March, unchanged from last month, holding around 1,000t in stock. The producer outputted about 14,000t in total last year and around 2,300t in 2023.
A producer in Xinjiang disclosed that he sold 200t of chemical silicon metal 4-2-1 at RMB18,200/t (USD2,643/t) delivered to Shandong with the logistic of around RMB600/t (USD87/t) on Tuesday, down by RMB500/t (USD43/t) from his price early last week. "The purchase remains slow, and the buyer usually purchases 600t every week but only 200t now upon their sufficient stocks now," revealed the producer on Wednesday. He shows negative attitudes towards the outlook and foresees the mainstream prices of chemical silicon metal 4-2-1 in China would go down further next week.
With an annual production capacity of 25,000t of silicon metal, expects to produce about 2,000t in March, in line with his output in February, keeping around 2,000t in stock. The producer outputted about 20,000t in total last year and more or less 4,000t by far in 2023.
A producer in North China disclosed that he sold 120t of chemical silicon metal 4-2-1 at RMB18,300/t (USD2,657/t) delivered to Shandong this week, while he insisted on RMB18,600/t (USD2,701/t) for the same inquiry since early last week. "Over half of my regular clients only purchased about half or quarter of their regular amounts dragged by the sluggish demand of their ending products," revealed the producer on Wednesday. Given the sluggish demand, he foresees the mainstream prices of chemical silicon metal 4-2-1 in China would go down further next week.
The producer, based on an annual production capacity of 18,000t of silicon metal, expects to produce about 1,200t in March, unchanged from last month, holding around 1,000t in stock. The producer outputted about 14,000t in total last year and around 2,300t in 2023.
A producer in Xinjiang disclosed that he sold 200t of chemical silicon metal 4-2-1 at RMB18,200/t (USD2,643/t) delivered to Shandong with the logistic of around RMB600/t (USD87/t) on Tuesday, down by RMB500/t (USD43/t) from his price early last week. "The purchase remains slow, and the buyer usually purchases 600t every week but only 200t now upon their sufficient stocks now," revealed the producer on Wednesday. He shows negative attitudes towards the outlook and foresees the mainstream prices of chemical silicon metal 4-2-1 in China would go down further next week.
With an annual production capacity of 25,000t of silicon metal, expects to produce about 2,000t in March, in line with his output in February, keeping around 2,000t in stock. The producer outputted about 20,000t in total last year and more or less 4,000t by far in 2023.
