Contract flows resume in sluggish US silicon market

Backlogged silicon buyers are only now taking metal they should have received many months ago, if not last year, under their annual contracts, multiple sources told Fastmarkets in the week to Friday June 5.

The gradual resumption of automotive manufacturing since mid-May has helped to kick-start the sluggish market for grade 5-5-3 silicon, much of which goes into vehicles as secondary aluminium alloys.
“I’m only now taking my January 2020 contract supply,” one alloy maker said this past week.
Another said he has yet to take deliveries that were scheduled for December 2019.

“It will be four to six weeks before I start taking inventory since I have no open orders [from automakers],” the...

Published

Orla O'Sullivan

June 05, 2020

21:14 GMT

New York