GLOBAL SILICON SNAPSHOT: Supply tightness supports in China; cheap offers disappear in Europe [UPDATED]

Key data from the pricing sessions in Asia, Europe and the United States in the week to Friday November 8.



China
Key drivers 

Chinese silicon export market continued to gain upward momentum for the third consecutive week in response to supply tightness in the domestic market after southern Chinese refiners halted their operations due to a lack of cheap hydroelectric power during dry season which typically lasts from November to May.  Market participants reported domestic prices rising by around 200 yuan ($29) per tonne over the past week, which has supported a rise in the export price.  The yuan has strengthened against the dollar, which is supporting higher spot quotations for the dollar-denominated Chinese silicon export market.  The yuan was trading at 6.99 to the dollar on Friday compared with...

Published

Cristina Belda

Huaqing Fu

Orla O'Sullivan

November 12, 2019

03:21 GMT

London, Shanghai, New York