Silicon metal prices in Europe drop
2023-03-17 07:49:54 [Print]
BEIJING (Asian Metal) 17 Mar 23 - Dampened by the sluggish demand, the current mainstream price of silicon metal 5-5-3 in Europe dropped by EUR100/t (USD106/t) to EUR2,750-2,850/t (USD2,921-3,027/t) D.D.P from early last week. Given the decreasing prices from international suppliers, insiders predict the mainstream prices of silicon metal 5-5-3 in Europe would go down further next week.
A trader in Central Europe disclosed that his current offer for silicon metal 5-5-3 hits EUR2,800/t (USD2,974/t) D.D.P with the discount of EUR50/t (USD53/t) at most for firm bids, while he insisted on EUR2,800/t (USD2,974/t) since early last week, and he didn't close any deals yet this week. "One client only considers placing the order for 20t at EUR2,700/t (USD2,868/t) D.D.P this week as he keeps bearish attitudes toward the outlook upon his decreased consumption, but I couldn't accept such prices as my regular Chinese supplier's price hovers at USD2,300/t FOB China, and I last sold 30t at EUR2,800/t (USD2,974/t) two weeks ago," revealed the trader on Thursday. He added that some Chinese suppliers intend to decrease prices, and he predicts the mainstream prices of silicon metal 5-5-3 in Europe would drop further upon the lower international prices and weakening demand in Europe.
The trader, based on a regular monthly trading volume of 100t of silicon metal, foresees to sell around 50t at most in March, down by around 50t from last month, holding around 20t in stock.
Another trader in West Europe revealed that he couldn't close any deals this week even though he marked prices down by EUR50/t (USD53/t) to EUR2,800/t (USD2,974/t) D.D.P this week from early last week as the market sees few inquiries. "I only got one inquiry for 30t this week as the demand weakened upon the gloomy economic in Europe, but I could get at least two or three inquiries every week in February," disclosed the trader on Thursday. He added that he last sold 50t at EUR2,850/t (USD3,027/t) in early March, and he foresees the mainstream prices of silicon metal 5-5-3 in Europe would go down further next week dragged by the sluggish demand and lowering prices from China.
Based on a regular monthly trading volume of 150t of silicon metal, the trader foresees to sell around 80t at most in March, down by around 50t from last month, keeping about 30t in stock.
A trader in Central Europe disclosed that his current offer for silicon metal 5-5-3 hits EUR2,800/t (USD2,974/t) D.D.P with the discount of EUR50/t (USD53/t) at most for firm bids, while he insisted on EUR2,800/t (USD2,974/t) since early last week, and he didn't close any deals yet this week. "One client only considers placing the order for 20t at EUR2,700/t (USD2,868/t) D.D.P this week as he keeps bearish attitudes toward the outlook upon his decreased consumption, but I couldn't accept such prices as my regular Chinese supplier's price hovers at USD2,300/t FOB China, and I last sold 30t at EUR2,800/t (USD2,974/t) two weeks ago," revealed the trader on Thursday. He added that some Chinese suppliers intend to decrease prices, and he predicts the mainstream prices of silicon metal 5-5-3 in Europe would drop further upon the lower international prices and weakening demand in Europe.
The trader, based on a regular monthly trading volume of 100t of silicon metal, foresees to sell around 50t at most in March, down by around 50t from last month, holding around 20t in stock.
Another trader in West Europe revealed that he couldn't close any deals this week even though he marked prices down by EUR50/t (USD53/t) to EUR2,800/t (USD2,974/t) D.D.P this week from early last week as the market sees few inquiries. "I only got one inquiry for 30t this week as the demand weakened upon the gloomy economic in Europe, but I could get at least two or three inquiries every week in February," disclosed the trader on Thursday. He added that he last sold 50t at EUR2,850/t (USD3,027/t) in early March, and he foresees the mainstream prices of silicon metal 5-5-3 in Europe would go down further next week dragged by the sluggish demand and lowering prices from China.
Based on a regular monthly trading volume of 150t of silicon metal, the trader foresees to sell around 80t at most in March, down by around 50t from last month, keeping about 30t in stock.
