European prices for grade 4-4-1 and grade 5-5-3 silicon edged down by 1.6% and 2% respectively after deals were concluded at lower levels.
The silicon market has experienced slightly more activity both in the week to October 11 and the week before, with some traders taking positions. That said, cheaper offers were still successful, pushing prices downward.
The recent announcement of Ferroglobe’s plans to reduce production of silicon metal and alloy in its European plants in France and Spain has not yet had any effect on prices. In a well-supplied market with limited spot demand, participants do not expect production...