Copying and distributing are prohibited without permission of the publisher

Alloy producer buys 7,000 t of silicon in slow market

June 29, 2009 - 00:00 GMT

A European aluminium alloy and extrusion producer has bought over 7,000 tonnes of silicon metal from China for the third quarter as a result of increased orders from the automotive and construction sectors.

A European aluminium alloy and extrusion producer has bought over 7,000 tonnes of silicon metal from China for the third quarter as a result of increased orders from the automotive and construction sectors. “We bought 7,000-8,000 tonnes of 553 silicon under a contract for the third quarter,” a source at the producer told MB.  In comparison, the producer bought 600 tonnes per quarter in the first half, the producer source said. “We bought a lot less at...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.


subscribe to this feed Comment & analysis

  • COMMENT: Keep calm and carry on?

    The decision of the Indonesian government last week to uphold the ore export ban and taxes from May 6 has failed to calm the nervous market. So far, both producers and buyers have displayed an impressive tolerance level to the export uncertainty. But how long will their patience last?

  • TREVOR TARRING: The baby and the bathwater

    “Don’t throw out the baby with the bathwater” is a well-known adage.

  • MAN OF STEEL: The only way is down

    Bleak news wherever we look. We see examples of low prices for all steel products being achieved in China, India, Brazil, the USA and Europe. The Russian market is weak and the CIS mills are now eyeing all export markets to get rid of serious tonnage.

Upcoming Events