Chinese silicon powder prices fall
2024-03-22 10:11:59 [Print]
BEIJING (Asian Metal) 22 Mar 24 - Discouraged by the dropped prices of silicon metal lump, the current mainstream prices of silicon powder 99%min moved down by RMB500/t (USD69/t) to RMB15,000-15,500/t (USD2,083-2,153/t) delivered against early last week. Given the sluggish demand, insides predict that the mainstream prices of silicon powder 99%min in China would go down further next week.
A producer in Xinjiang disclosed that his current offer for silicon powder 99%min stands at RMB15,500/t (USD2,153/t) with the discount of RMB500/t (USD69/t) at most for firm bids around 300t, while he insisted on RMB15,500/t (USD2,153/t) early last week, and he sold over 3,000t at RMB14,700/t (USD2,042/t) on Thursday. "As the silicon lump 99%min prices moved down by around RMB500/t (USD69/t) this week against last week to around RMB13,800/t (USD1,917/t), we marked silicon powder prices down to secure orders", revealed the producer. He added that some of his major clients from polysilicon industry decreased output, and he predicts that the mainstream prices of silicon powder 99%min in Cina would drop further next week.
With an annual production capacity of 100,000t of silicon powder, the producer expects to produce around 6,000t in March, down by around 2,000t from last month, holding around 5,000t in stock.
A consumer in Xinjiang disclosed that the current offer for silicon powder 99%min from regular supplier stands at RMB15,000/t (USD2,083/t) with no discount for the firm bids around 500t, while the supplier insisted on RMB15,500/t (USD2,153/t) early last week, and he finally purchased over 5,000t at RMB14,600/t (USD2,028/t) on Thursday. He added that his supplier moved prices down this week due to the dropped prices of silicon metal lump, and he predicts that the mainstream prices of silicon powder 99%min in China would go down further next week dragged by the shirking demand of silicon powder from polysilicon plants.
With an annual consumption capacity of 120,000t of silicon metal powder, the consumer foresees to consume around 10,000t in March, unchanged from last month, holding around 20,000t in stock.
A producer in Xinjiang disclosed that his current offer for silicon powder 99%min stands at RMB15,500/t (USD2,153/t) with the discount of RMB500/t (USD69/t) at most for firm bids around 300t, while he insisted on RMB15,500/t (USD2,153/t) early last week, and he sold over 3,000t at RMB14,700/t (USD2,042/t) on Thursday. "As the silicon lump 99%min prices moved down by around RMB500/t (USD69/t) this week against last week to around RMB13,800/t (USD1,917/t), we marked silicon powder prices down to secure orders", revealed the producer. He added that some of his major clients from polysilicon industry decreased output, and he predicts that the mainstream prices of silicon powder 99%min in Cina would drop further next week.
With an annual production capacity of 100,000t of silicon powder, the producer expects to produce around 6,000t in March, down by around 2,000t from last month, holding around 5,000t in stock.
A consumer in Xinjiang disclosed that the current offer for silicon powder 99%min from regular supplier stands at RMB15,000/t (USD2,083/t) with no discount for the firm bids around 500t, while the supplier insisted on RMB15,500/t (USD2,153/t) early last week, and he finally purchased over 5,000t at RMB14,600/t (USD2,028/t) on Thursday. He added that his supplier moved prices down this week due to the dropped prices of silicon metal lump, and he predicts that the mainstream prices of silicon powder 99%min in China would go down further next week dragged by the shirking demand of silicon powder from polysilicon plants.
With an annual consumption capacity of 120,000t of silicon metal powder, the consumer foresees to consume around 10,000t in March, unchanged from last month, holding around 20,000t in stock.
