China's silicon prices slip to $1,800-$1,830/mt FOB
- Source: chemnet
Global Platts lowered the Chinese spot export price for 553-grade
98.5% silicon metal assessment further this week to $1,850-$1,890/mt
FOB China basis Thursday, from $1,850-$1,890/mt last week.
trades were reported Thursday. Firm spot offers and bids were lacking
ahead of next week's extended China National Day holidays which run
from Sunday to Sunday.
offers from China were heard at mostly $1,830-$1,850/mt FOB basis,
down from $1,900-$1,995/mt FOB last week. Buy ideas were indicated at
around $1,800/mt FOB, with nothing heard below that level currently,
several market participants said.
stockpiles are high and holidays are upcoming, so they are not buying
for now," a Zhejiang producer said.
producer agreed, adding: "There's no point lowering offers too
much. The more you lower the less likely they will buy...so it's
better to wait until after the holidays to get clearer direction first."
Japan's spot import silicon price was assessed at $1,820-$1,850/mt CIF
Japan Thursday, down from $1,860-$1,880/mt CIF a week ago.
buying interest was heard from Japan this week.