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...