Exporters of Chinese 553-grade silicon raised offer prices this week, following a surge in the domestic silicon price. Despite limited trading activities and passive resistance from consumers, Chinese exporters have refused to compromise – at least for now – because of increasing purchasing cost.
The 553-grade silicon export price rose to $1,500-1,540 per tonne on Friday July 14, up 2.7% from previously, and 2.9% higher than the same time last year.
Producers in Yunnan province – one of the major silicon production hubs in China – have raised offer prices to offset rising costs of hydropower and raw material, including coal and petroleum coke.
Producers in Xinjiang province followed suit by raising their offers too, Metal Bulletin learned from the market.
The price for petroleum coke has risen approximately 50% since the start of this year, market players told Metal Bulletin.
Speakers at a regional silicon seminar on Monday, attended by refiners...