GLOBAL SILICON SNAPSHOT: Chinese export price slides on yuan depreciation; macro uncertainty suppresses European market

May 21, 2019 / www.metalbulletin.com / Article Link

Key data from the pricing sessions in Asia and Europe for the week ended Friday May 17.



China 

The Chinese silicon export price moved down due to a weaker yuan, which offset price support from tight upstream material supply in northern China.  According to exchange rate website Oanda.com, $1 was worth 6.91 yuan on Friday May 17 compared with 6.82 yuan a week earlier.  Weak demand abroad has provided a headwind to Chinese exporters who lowered offer and...

Recent News

Gold stocks decline on flat metal and mixed equities

October 07, 2024 / www.canadianminingreport.com

Copper price expected to range from flat to slight gain in 2025

October 07, 2024 / www.canadianminingreport.com

China's gold holdings to central bank reserves still low

September 30, 2024 / www.canadianminingreport.com

China has broad effect on gold market

September 30, 2024 / www.canadianminingreport.com

Gold stocks mixed after previous week's huge gains

September 23, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok