Chinese silicon export price continued to retreat in the pricing session on Friday May 18 due to bearish sentiment on price outlook, while European prices remained stable amid limited activity.
Metal Bulletin's Chinese grade 553 silicon export price dipped to $1,860-1,930 per tonne on Friday, down 1.3% from $1,890-1,950 per tonne in the previous pricing session. Although the large-scale resumption of operations at southern Chinese refineries during the rainy season has not yet completed, the market reported an acceleration of weakening sentiment. Refineries in Sichuan and Yunnan province traditionally curtail production in the dry season and resume operations in the rainy season when they can access cheap hydroelectricity to power their silicon metal production....