Author: Site Editor Publish Time: 2023-07-05 Origin: Site
Due to weak domestic procurement, the current mainstream transaction price of 30-55 silicon and calcium in China is 9,500-9,7000 yuan/ton ex-factory cash, down about 100 yuan/ton from the beginning of last week. Given the drop in demand, industry insiders predict that prices for silicon and calcium in China will continue to fall in the coming week.
"To execute the order, I purchased 50 tons of silicon and calcium 30-55 at 9,500 yuan per ton earlier this week, down 100 yuan per ton from the bottom line at the beginning of last week," a trader in northern China said on Tuesday. "With demand from Chinese steel mills weakening and foreign inquiries shrinking, my two suppliers, both of which have a 30,000kva furnace, were willing to accept a counter-offer of 100 yuan per ton this week to boost sales," he added, adding that he sold about 100 tons at 9,700 yuan per ton at the end of October. They expect to sell 50% less in November than in October due to fewer inquiries from abroad. He thinks the price of 30-55 si-ca in China will fall to 9,400 yuan/ton next week due to the slowdown in demand.
The regular monthly trade volume of the trader is 200 tons, and the sales volume of the trader is 200 tons in October, and the sales volume of the trader in November will be reduced to 100 tons due to overseas inquiries, so there is no inventory at present.
A terminal consumer in northern China said he bought 200 tons of silicon and calcium 30-55 earlier this week at a price of 10,000 yuan per ton for a six-month acceptance, including 300 yuan per ton for freight. The transaction price was 100 yuan per ton less than the supplier's lowest price last week. "Our regular monthly purchase volume is around 300 tons, but we only purchased 200 tons in November because of weaker downstream demand and our consumption has also declined," the source said Tuesday. He pointed out that almost all suppliers had increased their inventories to some extent in November from October because of the decline in downstream demand at home and abroad, so he thinks the price of 30-55 si-ca in China will fall to 9,500 yuan/ton in the coming week.
The consumer, which has an annual spending capacity of 3,600 tons, consumed 300 tons in October and is expected to fall to 200 tons in November, and now holds 100 tons of inventory. They consumed about 3,500 tons in 2018 and about 2,500 tons in the first 10 months of 2019.
