Silicon metal prices in Brazil slip
2024-04-12 10:46:42 [Print]
BEIJING (Asian Metal) 12 Apr 24 - Dragged by the sluggish demand and increasing supply from China in Brazil, the current mainstream prices of silicon metal 5-5-3 in Brazil moved down slightly by BRL500/t (USD101/t) to BRL9,000-9,500/t (USD1,822-1,923/t) EXW without tax from two weeks ago. Given the sluggish demand, insiders foresee the mainstream prices of silicon metal 5-5-3 in Brazil would soften further next week.
A consumer in Brazil reveals that he bought 20t of silicon metal 5-5-3 from a local producer in Brazil at BRL9,000/t (USD1,822/t) EXW without tax this week, while the supplier insisted on BRL9,500/t (USD1,923/t) in early April. "As some other traders offered me Chinese silicon metal 5-5-3 at around BRL9,000/t (USD1,822/t), the local supplier agreed with my bids", revealed the consumer. Given the increasing supply from China, he predicts that the mainstream prices of silicon metal 5-5-3 in Brazil would turn softening further next week.
The consumer, based on an annual silicon metal consumption of 800t, predicts to use about 30t in April, down by around 20t from last month. He has around 30t in stock.
Another consumer in Brazil discloses he purchased 20t of silicon metal 5-5-3 at BRL9,500/t (USD1,923/t) EXW without tax this week from a regular Brazilian producer who couldn't accept any prices lower than BRL10,000/t (USD2,025/t) at the end of March. "Along with the increased supply of Chinese silicon metal from Brazilian traders, my two regular suppliers moved prices down to boost sales", revealed the consumer. He comments that his consumption in April would cut 30-50% against March due to the depressed demand of aluminum ingot from auto industry, and he predicts that the mainstream prices of silicon metal 5-5-3 in Brazil would slip further next week.
With an annual silicon metal consumption of 1,200t, the consumer keeps about 40t in stock and expects to use abut 50t in April, down by around 30t from last month. His total consumption in 2023 recorded around 1,000t.
A consumer in Brazil reveals that he bought 20t of silicon metal 5-5-3 from a local producer in Brazil at BRL9,000/t (USD1,822/t) EXW without tax this week, while the supplier insisted on BRL9,500/t (USD1,923/t) in early April. "As some other traders offered me Chinese silicon metal 5-5-3 at around BRL9,000/t (USD1,822/t), the local supplier agreed with my bids", revealed the consumer. Given the increasing supply from China, he predicts that the mainstream prices of silicon metal 5-5-3 in Brazil would turn softening further next week.
The consumer, based on an annual silicon metal consumption of 800t, predicts to use about 30t in April, down by around 20t from last month. He has around 30t in stock.
Another consumer in Brazil discloses he purchased 20t of silicon metal 5-5-3 at BRL9,500/t (USD1,923/t) EXW without tax this week from a regular Brazilian producer who couldn't accept any prices lower than BRL10,000/t (USD2,025/t) at the end of March. "Along with the increased supply of Chinese silicon metal from Brazilian traders, my two regular suppliers moved prices down to boost sales", revealed the consumer. He comments that his consumption in April would cut 30-50% against March due to the depressed demand of aluminum ingot from auto industry, and he predicts that the mainstream prices of silicon metal 5-5-3 in Brazil would slip further next week.
With an annual silicon metal consumption of 1,200t, the consumer keeps about 40t in stock and expects to use abut 50t in April, down by around 30t from last month. His total consumption in 2023 recorded around 1,000t.
