Chinese silicon metal producers hold prices firm
2023-04-03 08:27:20 [Print]
BEIJING (Asian Metal) 3 Apr 23 - Upon the high production cost, the current mainstream prices of silicon metal 5-5-3 in China firmly stand at RMB15,800-16,300/t (USD2,299-2,372/t) delivered to main port, unchanged from the middle of last week. Given the firm offers from suppliers while the sluggish demand, insiders predict the mainstream prices of silicon metal 5-5-3 in China would go steady next week.
A producer in Chongqing disclosed that his current offer for silicon metal 5-5-3 stands at RMB15,800/t (USD2,299/t) delivered to Huangpu with no discount, in line with his price in the middle of last week. "One client bid RMB15,300/t (USD2,226/t) delivered to Huangpu for 300t with delivery at the end of April, but I couldn't accept the price as the electricity cost would probably not decrease too much due to the drought weather in late April even though the wet season would come in late April," revealed the producer last Friday who last sold 200t at RMB16,000/t (USD2,328/t) two weeks ago. He added that his production cost hovers at around RMB16,000/t (USD2,328/t), and he would keep the price firm and predicts the mainstream prices of silicon metal 5-5-3 in China would keep firm next week.
The producer, with an annual production capacity of 17,500t of silicon metal, expects to produce about 300t in April, down by about 400t from last month, keeping around 1,000t in stock. The producer owns 2 furnaces of 12,500kVA in total with one of them running now.
A trader in Fujian disclosed that the current price of silicon metal 5-5-3 oxygen blown from HOSHINE stands at RMB16,000/t (USD2,328/t) delivered to Tianjin port with no discount, in line with the supplier's price last Wednesday, and he purchased 60t at the price last Friday. "The supplier holds prices firm upon the decreased supply from other provinces," revealed the trader last Friday. He added that other suppliers also hold prices firm upon the high production cost, and he foresees the mainstream prices of silicon metal 5-5-3 in China would keep steady next week.
The trader, with a regular monthly trading volume of 300t of silicon metal, expects to sell around 200t at most in April, unchanged from last month, holding no stocks now.
A producer in Chongqing disclosed that his current offer for silicon metal 5-5-3 stands at RMB15,800/t (USD2,299/t) delivered to Huangpu with no discount, in line with his price in the middle of last week. "One client bid RMB15,300/t (USD2,226/t) delivered to Huangpu for 300t with delivery at the end of April, but I couldn't accept the price as the electricity cost would probably not decrease too much due to the drought weather in late April even though the wet season would come in late April," revealed the producer last Friday who last sold 200t at RMB16,000/t (USD2,328/t) two weeks ago. He added that his production cost hovers at around RMB16,000/t (USD2,328/t), and he would keep the price firm and predicts the mainstream prices of silicon metal 5-5-3 in China would keep firm next week.
The producer, with an annual production capacity of 17,500t of silicon metal, expects to produce about 300t in April, down by about 400t from last month, keeping around 1,000t in stock. The producer owns 2 furnaces of 12,500kVA in total with one of them running now.
A trader in Fujian disclosed that the current price of silicon metal 5-5-3 oxygen blown from HOSHINE stands at RMB16,000/t (USD2,328/t) delivered to Tianjin port with no discount, in line with the supplier's price last Wednesday, and he purchased 60t at the price last Friday. "The supplier holds prices firm upon the decreased supply from other provinces," revealed the trader last Friday. He added that other suppliers also hold prices firm upon the high production cost, and he foresees the mainstream prices of silicon metal 5-5-3 in China would keep steady next week.
The trader, with a regular monthly trading volume of 300t of silicon metal, expects to sell around 200t at most in April, unchanged from last month, holding no stocks now.
