Chinese silicon metal prices soften
2023-04-26 08:29:15 [Print]
BEIJING (Asian Metal) 26 Apr 23 - Upon the decreased prices of raw materials, the current mainstream prices of silicon metal 5-5-3 in China edged down by RMB200/t (USD29/t) to RMB14,800-15,300/t (USD2,150-2,222/t) delivered to main port from late last week. Insiders predict the mainstream prices of silicon metal 5-5-3 in China would move down in May dragged by the lower production cost.
A producer in Chongqing revealed that he sold 100t of silicon metal 5-5-3 at RMB14,800/t (USD2,150/t) delivered to Huangpu this week, down by RMB200/t (USD29/t) from his price last Friday. "We informally got the news that the electricity cost in Chongqing would decrease by RMB0.07/kwh (USD0.01/kwh) in May, and we moved prices down this week to boost sales," revealed the producer on Tuesday. He added that the dropping petroleum coke prices would drag the mainstream prices of silicon metal 5-5-3 down further in May.
The producer, based on an annual production capacity of 17,800t of silicon metal, has two furnaces of 12,500kva in total with one of them running in April and expects to produce about 600t in April, down by around 600t from last month, holding around 500t in stock.
A producer in Sichuan disclosed that revealed that the petroleum coke prices dropped by over RMB1,000/t (USD145/t) in the past several weeks, and he sold 100t of silicon metal 5-5-3 at RMB14,900/t (USD2,164/t) delivered to Huangpu port on Tuesday, down by RMB200/t (USD29/t) from his price last Friday. "Most clients keep negative about the outlook and minimize their purchase amount now, and we stopped one furnace two weeks ago," revealed the producer on Tuesday. Given the down-trend charge of electricity and dropping prices of petroleum coke, he foresees the mainstream prices of silicon metal 5-5-3 in China would go down further in May.
The producer, based on an annual production capacity of 17,800t of silicon metal, has two furnaces of 12,500kva in total with one of them running now and expects to produce about 600t in March, down by around 600t from last month, holding around 500t in stock.
A producer in Chongqing revealed that he sold 100t of silicon metal 5-5-3 at RMB14,800/t (USD2,150/t) delivered to Huangpu this week, down by RMB200/t (USD29/t) from his price last Friday. "We informally got the news that the electricity cost in Chongqing would decrease by RMB0.07/kwh (USD0.01/kwh) in May, and we moved prices down this week to boost sales," revealed the producer on Tuesday. He added that the dropping petroleum coke prices would drag the mainstream prices of silicon metal 5-5-3 down further in May.
The producer, based on an annual production capacity of 17,800t of silicon metal, has two furnaces of 12,500kva in total with one of them running in April and expects to produce about 600t in April, down by around 600t from last month, holding around 500t in stock.
A producer in Sichuan disclosed that revealed that the petroleum coke prices dropped by over RMB1,000/t (USD145/t) in the past several weeks, and he sold 100t of silicon metal 5-5-3 at RMB14,900/t (USD2,164/t) delivered to Huangpu port on Tuesday, down by RMB200/t (USD29/t) from his price last Friday. "Most clients keep negative about the outlook and minimize their purchase amount now, and we stopped one furnace two weeks ago," revealed the producer on Tuesday. Given the down-trend charge of electricity and dropping prices of petroleum coke, he foresees the mainstream prices of silicon metal 5-5-3 in China would go down further in May.
The producer, based on an annual production capacity of 17,800t of silicon metal, has two furnaces of 12,500kva in total with one of them running now and expects to produce about 600t in March, down by around 600t from last month, holding around 500t in stock.
