China Silicon Metal Export Market Turnover Is Low in Recent Days

With procurement costs rising, Chinese silicon exporters are having to keep their prices firm, but at the moment overseas consumers are reluctant to accept price increases because they see little reason for prices to rise in a sluggish market. Therefore, China's silicon metal export market turnover is low. Currently, the main export price of Chinese silicon 5-5-3 is usd 1,390-1,420 / ton untaxed China offshore, stable from last week. Given rising procurement costs, industry insiders expect Chinese silicon export prices to rise in the coming week.

"Last week we received about five inquiries from customers, but this week we received only one. From the beginning of last week till now, we have no orders. When I sent the offer to my clients, they almost all agreed that our price was too high." The trader is currently offering silicon 5-5-3 at us $1,420 / ton untaxed CNF and will not accept a counter-offer, stable from last week's price. They sold 40 tons of the product two weeks ago at $1,420 a ton. Many silicon metal producers have stopped production or plan to stop production soon. Therefore, upstream manufacturers in south China believe that the price of silicon metal is about to rise sharply and are reluctant to sell their products. The price of silicon 5-5-3 in the domestic market rose 100-200 yuan/ton this week, and the rise will continue in the next few days. As a result, the trader expects Chinese silicon export prices to rise $20 a ton in the coming week.

The trader, which trades 500 metric tons of silicon in a regular month, expects to sell 200 metric tons in November, unchanged from the previous month, and is out of stock.

"We received no enquiries this week, only one last week. Our last shipment was in mid-october and we sold 20 tons of this product at $1,420 / ton." "Said a trader in guangdong. Their current offer for silicon 5-5-3 is up $10 / ton from last week's offer to $1,430 / ton before tax, but the most they can accept now is a counter-offer of $10 / ton. The trader said the lowest price they could accept last week was $1,420 per ton, but due to the current increase in procurement costs, they will try to raise the price of the product, but do not know whether customers can accept this price. At present, their supplier's quotation of silicon metal in the domestic market has been raised by 100 yuan/ton. Due to the general reluctance of the upstream to sell goods, it is expected that the domestic silicon metal price will continue to rise in the next few days. Given the current increase in procurement costs, the trader expects Chinese silicon export prices to rise $10 per ton in the coming week. The trader, which regularly trades 800 tonnes a month, expects to sell about 400 tonnes of silicon in November, unchanged from the previous month and currently out of stock.