GLOBAL SILICON WRAP: Strong dollar halts recovery in Chinese export market, participants downplay effects of new customs regulations

A firm dollar against a weakened yuan in the week to Friday August 3 has capped the brief turnaround seen in the Chinese silicon export market a week ago.

Metal Bulletin assessed the Chinese grade 553 silicon export price at $1,630-1,710 per tonne on Friday, down 1.2% from $1,660-1,720 per tonne a week earlier. Continued strength in the dollar offset any possible upward move in Chinese silicon export prices stemming from the uncertainty surrounding the new Chinese customs regulations which came into effect on August 1. Chinese suppliers had initially held back from making sales ahead of the new regulations coming into effect, preferring to adopt a “wait-and-see” approach, which had pushed export prices higher in the week ended July 27. Participants had been concerned that the new customs regulations...

Published

Jethro Wookey

Susan Zou

August 07, 2018

02:20 GMT

Shanghai, London