Sentiment improves in China’s export market, prices steady
European grade 553 silicon price ticks up, grade 441 equivalent flat
US market slips on weak demand, ample supply
Fastmarkets assessed the export price for grade 553 silicon in China at $1,550-1,610 per tonne on March 8, unchanged from the prior week. Most deals concluded over the past week fell within the published range.
Spot activity was said to have increased this past week amid improved buying interest from South Asian participants, with Chinese market sources noting a higher number of inquiries from buyers and traders in that region.
“I offered at $1,600 per tonne this week. I heard that some traders sold their materials at $1,570 per tonne,” a Chinese trader source said.
Although Chinese market sources said there had not been a significant uptick in demand from European participants, they agreed that sentiment in the Chinese export market has been boosted by tightened...