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...

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