Chinese silicon metal suppliers hold prices firm
2023-04-24 08:31:14 [Print]
BEIJING (Asian Metal) 24 Apr 23 - As the current prices already turned much lower than production cost, most suppliers hold prices firm this week even though they're aware of that the electricity cost in Sichuan would drop in May. The current mainstream prices of silicon metal 5-5-3 in China hover at RMB15,000-15,500/t (USD2,179-2,251/t) delivered to main port, unchanged from late last week. Insiders predict the mainstream prices of silicon metal 5-5-3 in China would keep flat this week.
A producer in Sichuan revealed that the current selling price became already RMB1,000/t (USD145/t) lower than his current production cost, and he expects that he will not get loss but still barely gain profits if the electricity cost in Sichuan would drop by RMB0.1/WKH (USD0.01/KWH) in May, therefore, he prefers to hold prices firm now. "The reason for me to maintain production is that I will support my workers, and my current offer for silicon metal 5-5-3 stands at RMB14,800/t (USD2,510/t) EXW D/P with no discount, and I sold 100t at RMB15,000/t (USD2,179/t) delivered to Huangpu with the transport of RMB200/t (USD29/t) on Friday," revealed the trader last Sunday. Given the high production cost, he predicts the mainstream prices of silicon metal 5-5-3 in China would go firm next week.
The producer, with an annual production capacity of 17,280t of silicon metal, expects to produce around 700t in April with one of its two furnaces of 12,500kVA in operation, in line with last month, holding around 1,000t in stock. The local electricity charge is RMB0.58/KWH (USD0.08/KWH) and they need to consume 13,000kwh/t.
Another producer in Inner Mongolia revealed that his current offer for silicon metal 5-5-3 stands at RMB14,800/t (USD2,150/t) EXW D/P with no discount, and he sold 100t at RMB15,000/t (USD2,179/t) delivered to Tianjin port with the logistic of RMB250/t (USD36/t) last Sunday, in line with his price last Friday. "I barely make profit with the current selling prices, and I couldn't mark prices down further," revealed the producer last Sunday. He predicts the mainstream prices of silicon metal 5-5-3 in China would go steady next week upon the high production cost but sluggish demand in China.
The producer, with an annual production capacity of 36,000t of silicon metal, expects to produce around 3,000t in April with six of its eight furnaces of 12,500kva in operation, in line with last month, holding around 3,000t in stock. Local electricity charge is RMB0.52/kwh (USD0.07/kwh), and they need to consume around 13,000kwh of electricity to produce 1t of silicon metal.
A producer in Sichuan revealed that the current selling price became already RMB1,000/t (USD145/t) lower than his current production cost, and he expects that he will not get loss but still barely gain profits if the electricity cost in Sichuan would drop by RMB0.1/WKH (USD0.01/KWH) in May, therefore, he prefers to hold prices firm now. "The reason for me to maintain production is that I will support my workers, and my current offer for silicon metal 5-5-3 stands at RMB14,800/t (USD2,510/t) EXW D/P with no discount, and I sold 100t at RMB15,000/t (USD2,179/t) delivered to Huangpu with the transport of RMB200/t (USD29/t) on Friday," revealed the trader last Sunday. Given the high production cost, he predicts the mainstream prices of silicon metal 5-5-3 in China would go firm next week.
The producer, with an annual production capacity of 17,280t of silicon metal, expects to produce around 700t in April with one of its two furnaces of 12,500kVA in operation, in line with last month, holding around 1,000t in stock. The local electricity charge is RMB0.58/KWH (USD0.08/KWH) and they need to consume 13,000kwh/t.
Another producer in Inner Mongolia revealed that his current offer for silicon metal 5-5-3 stands at RMB14,800/t (USD2,150/t) EXW D/P with no discount, and he sold 100t at RMB15,000/t (USD2,179/t) delivered to Tianjin port with the logistic of RMB250/t (USD36/t) last Sunday, in line with his price last Friday. "I barely make profit with the current selling prices, and I couldn't mark prices down further," revealed the producer last Sunday. He predicts the mainstream prices of silicon metal 5-5-3 in China would go steady next week upon the high production cost but sluggish demand in China.
The producer, with an annual production capacity of 36,000t of silicon metal, expects to produce around 3,000t in April with six of its eight furnaces of 12,500kva in operation, in line with last month, holding around 3,000t in stock. Local electricity charge is RMB0.52/kwh (USD0.07/kwh), and they need to consume around 13,000kwh of electricity to produce 1t of silicon metal.
