The spot price for grade-553 silicon in the United States has continued to tumble, falling for a sixth consecutive month in American Metal Market's latest assessment, due to scrap metal-derived silicon supply piling up and buyers remaining disinterested in spot volumes.
The grade-553 silicon price plunged to $1.27-1.29 per lb on Monday September 10, down 5 cents from $1.32-1.34 per lb in August. This brings the silicon assessment to its lowest level since early November 2017, when the price stood at $1.26-1.29 per lb.Buyers retreated from the spot market early in the year - after securing the bulk of their long-term supply needs and ahead of a trade case ruling by the US International Trade Commission (ITC) concerning silicon metal imports from Australia, Brazil, Norway and Kazakhstan. Buyers had anticipated trade duties on imported material driving...