The depreciation of the yuan against the dollar coupled with persistently weak demand pushed Chinese silicon export prices to their lowest level since August 2017. Meanwhile, the European market has stabilized following its recent decline.
Metal Bulletin assessed Chinese grade 553 silicon metal export prices at $1,640-1,700 per tonne on Friday July 6, down 3.7% from $1,710-1,760 per tonne one week ago. Deals and offers were generally heard around the $1,640-per-tonne mark, while some sales and offers for small tonnages were reported at just above $1,600 per tonne in the spot market."Whether suppliers offer high or low is dependent on whether they had enough orders previously," a trader told Metal Bulletin. "If suppliers didn't...