GLOBAL SILICON SNAPSHOT: Chinese producers drop offers; Europe spot market static

摘要

Key data from the pricing sessions in London and Shanghai in the week ending Friday September 21. - The price paid for silicon in China decreased in the week to September 21 after suppliers cut offer prices, with one deal reported done at $1,370 per tonne. - The weak domestic market in China provided another headwind to the export market. Some domestic refiners sold grade-553 silicon at low prices to boost cash flow in response to a lack of buying activity after domestic consumers stockpiled enough. At the start of September, downstream secondary aluminum alloy producers restocked silicon ahead of the Chinese National Day holiday (Oct 1-7) when environmental inspections and limited transport conditions will curtail production.