Chinese silicon metal powder prices drop
2023-03-30 07:48:22 [Print]
BEIJING (Asian Metal) 30 Mar 23 - Dragged by the sluggish demand, the current mainstream prices of silicon metal powder 99%min in China edged down by RMB200/t (USD29/t) to RMB17,500-18,000/t (USD2,542-2,614/t) delivered from early this week. Given the firm prices of silicon metal, insiders predict the mainstream prices of silicon metal powder would go firm in the following week.
A producer in Sichuan disclosed that he sold 200t of silicon metal 99%min silicon metal powder at RMB17,500/t (USD2,542/t) delivered to a customer in Southwest China, while he insisted on RMB17,700/t (USD2,571/t) early this week. "The demand from polysilicon plants remains sluggish, and I gave slightly discount for firm bids to drive orders this week," revealed the producer on Wednesday. He added that his purchase cost of silicon metal 4-4-1 firmly stands at RMB16,300/t (USD2,368/t) delivered, in line with early this week, and he predicts the mainstream prices of silicon metal powder 99%min in China would go firm next week.
With an annual production capacity of 50,000t of silicon powder, the producer expects to produce around 2,000t in March, unchanged from last month, holding around 1,000t in stock.
Another producer in Henan revealed that his current offer for silicon metal power 99%min stands at RMB18,200/t (USD2,644/t) delivered with the discount of RMB200/t (USD29/t) at most for firm bids, while he insisted on RMB18,200/t (USD2,644/t) early last week. "I last sold 500t at RMB18,500/t (USD2,687/t) in early March, and the demand from polysilicon plant remains sluggish, and my output in March would cut by half against February dragged by the cut demand," revealed the producer on Wednesday. He added that most of his silicon metal suppliers hold prices firm this week as more and more plants stopped production, and he predicts the mainstream prices of silicon metal powder 99%min in China would keep firm next week.
With an annual production capacity of 30,000t of silicon powder, the producer predicts to output around 1,000t in March, down by around 1,000t from last month, holding around 1,000t in stock.
A producer in Sichuan disclosed that he sold 200t of silicon metal 99%min silicon metal powder at RMB17,500/t (USD2,542/t) delivered to a customer in Southwest China, while he insisted on RMB17,700/t (USD2,571/t) early this week. "The demand from polysilicon plants remains sluggish, and I gave slightly discount for firm bids to drive orders this week," revealed the producer on Wednesday. He added that his purchase cost of silicon metal 4-4-1 firmly stands at RMB16,300/t (USD2,368/t) delivered, in line with early this week, and he predicts the mainstream prices of silicon metal powder 99%min in China would go firm next week.
With an annual production capacity of 50,000t of silicon powder, the producer expects to produce around 2,000t in March, unchanged from last month, holding around 1,000t in stock.
Another producer in Henan revealed that his current offer for silicon metal power 99%min stands at RMB18,200/t (USD2,644/t) delivered with the discount of RMB200/t (USD29/t) at most for firm bids, while he insisted on RMB18,200/t (USD2,644/t) early last week. "I last sold 500t at RMB18,500/t (USD2,687/t) in early March, and the demand from polysilicon plant remains sluggish, and my output in March would cut by half against February dragged by the cut demand," revealed the producer on Wednesday. He added that most of his silicon metal suppliers hold prices firm this week as more and more plants stopped production, and he predicts the mainstream prices of silicon metal powder 99%min in China would keep firm next week.
With an annual production capacity of 30,000t of silicon powder, the producer predicts to output around 1,000t in March, down by around 1,000t from last month, holding around 1,000t in stock.
