GLOBAL SILICON SNAPSHOT: Chinese export price drops amid weak market; US silicon continues downtrend

November 20, 2018 / www.metalbulletin.com / Article Link

Key data from the pricing sessions in Shanghai, New York and London in the week ending on Friday November 16.

China  The export price for grade-553 silicon in China continued to drop due to thin spot inquiries amid weak demand.  Rising cargoes at major ports in China added to the additional downward pressure on the price.  Market participants have suggested that demand will resume in the next couple of weeks, with inquiries from downstream consumers for quarterly procurement expected to rise. Key quotes"Inquiries are thin this week, meanwhile we heard some offer and deal prices lower than $1,650 per tonne" - the first Chinese trader"The export market continued to soften this week, but it will recover due to the resumed inquiries amid short supply in...

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