US spot silicon hit by cheap contract supply

Silicon metal prices in the United States' spot market resumed their downward trend this month due to weak spot demand, with buyers working through annually contracted material priced even lower than spot silicon.

Fastmarkets' monthly assessment of the price for silicon, ddp US, was at $0.91-0.94 per lb on Friday January 10, down from $0.92-0.95 per lb one month earlier and off from $1.16-1.19 per lb in January 2019. In November, the price logged a single, stable assessment - at $0.96-1.02 per lb - that halted the steady downward trend of the previous 19 months. Buyers noted that they have purchased the metal on 2020 annual contracts at prices well below prevailing spot prices. But that has only been in cases where they did not have enough material left over from 2019 contracts,...

Published

January 13, 2020

20:57 GMT

New York