A continuous rise in the dollar against the Chinese yuan has put downward pressure on Chinese silicon export quotations this past week, while prices in Europe retreated amid a seasonal lull.
Metal Bulletin assessed Chinese grade 553 silicon export prices at $1,710-1,760 per tonne on Friday June 29, down 2% from $1,740-1,800 per tonne one week ago. Consensus among market participants is that quotations for Chinese ex-works silicon have largely reached a floor, but a strong dollar continues to weaken export quotations.According to exchange rate website Oanda.com, $1 was worth 6.62 on June 29, compared with 6.39 two weeks ago."The decline in silicon export quotations over the past week was mainly...