China's Export Price of Low-grade Silicon Metal Rose Slightly

Many traders have raised the price of silicon due to increased procurement costs. Currently, the main export price of Chinese silicon 4-4-1 rose to $1,635- $1,665 / ton offshore China, up $10 / ton from last week. Industry insiders expect Chinese silicon export prices to hold steady in the coming week, given weak demand in the final market.

A trader in fujian said, "our offer for silicon 4-4-1 is $1,530 / ton untaxed China offshore, up $10 / ton from last week. In order to guarantee our profit, we do not accept a lower price. Our last sale was at the beginning of last week at $1,520 a ton." Earlier this week all their suppliers raised their prices by 100 yuan/ton ($15 / ton), so they had to raise their prices to guarantee profits. The export market is very weak because of weak demand. He added that they had only done two deals this month. This month only 60 tonnes have been sold, compared with 200 tonnes a month in the same period last year. As a result, he expects China's low-grade silicon export prices to hold steady in the coming week. The trader, currently out of stock with a regular monthly trade volume of 200 tonnes, is expected to sell 60 tonnes in October, down 40 tonnes from last week. At present, our offer for silicon 4-4-1 is us $1,540 / ton untaxed offshore China, up us $20 / ton from last week, but we can accept a us $10 / ton concession. We last sold 20 tonnes for $1,520 a tonne two weeks ago, "said one trader in chongqing. He added that there had been no further enquiries for silicon 4-4-1 since the last deal. Their suppliers in yunnan and sichuan have raised their prices by 100 yuan ($15) a tonne from last week, which will inevitably push up export prices. However, end-user demand remains weak. He expects China's low-grade export prices to hold steady in the coming week. The trader, currently out of stock, is expected to sell about 200 tons in October, unchanged from the previous month.