Author: Site Editor Publish Time: 2023-10-17 Origin: Site
Due to weak demand but firm purchasing costs, the current mainstream price of silicon metal 5-5-3 in India is $1,470- $1,500 / ton, unchanged from last week. Industry insiders expect silicon metal prices in India to stabilize in the coming week, given weak demand but firm procurement costs.
"Our offer for silicon metal 5-5-3 remains at $1,500 / ton delivery and we do not accept lower prices," said an Indian trader. Last week we were able to accept no less than $1,500 a ton." They last traded 20 tons at $1,500 a ton last Monday. It's been two thirds of the month and they've only had one order, but usually they get at least five a month. They didn't receive any enquiries this week. They hope the market will improve next year. The offer from their supplier was very firm and refused to accept any counter-offer. With demand weak but procurement costs firm, he expects Indian silicon metal prices to stabilize in the coming week.
The trader, which normally trades 200 tons a month and has no inventory, expects to sell about 40 tons in December, unchanged from the previous month. "We received the lowest offer for silicon metal 5-5-3 delivery at $1,490 / ton, flat from last week, and the supplier refused to accept the counter-offer. The lowest price we could receive last week was also $1,490 / ton, "said an Indian consumer, adding that their most recent purchase was $1,460 / ton for 20 tons in mid-november. In 2018 they could consume 20 tonnes of silicon a month, but in the second half of 2019 they will consume 4-5 tonnes a month. They usually get orders from customers before they start buying silicon metal, so they usually have very little stock. However, the balance of last month's purchases has not been touched this month. Meanwhile, suppliers have no intention of cutting prices because they claim their procurement costs are holding up. He expects Indian silicon metal prices to stabilize in the coming week, given weak demand but firm procurement costs.
The consumer, which has an annual consumption capacity of 300 tons of metal and silicon, currently has 10 tons in stock and is expected to consume 5 tons in December, down 5 tons from the previous month.
