China's silicon prices rose in Metal Bulletin's assessment last week despite limited trading activities in the spot market following the New Year holiday.
China's grade 553 silicon metal, basis 98.5%, export price leapt to $1,880-1,950 per tonne on Friday January 5, up 4.4% from the previous assessment. Spot availability has been tightened since November when refineries in southern China closed down to avoid higher electricity costs. Traditionally, some refineries in Yunan and Sichuan province resume part of their operations ahead of rainy season commencing in May or June when they can benefit from cheaper hydro...