Fastmarkets’ weekly price assessment for silicon export 98.5% Si min, fob China
was $1,420-1,480 per tonne on Friday, up by $15 or 1% from $1,420-1,450 per tonne a week earlier.
Most sellers made offers above the assessed range while reporting very limited deals concluded within the range.
The production of silicon in China has been curbed since the outbreak of the Covid-19 virus. Reduced downstream demand, uncertain economic outlook and declining prices discouraged producers in southern China from actively resuming operations when the wet season started in late May and early June, according to sources.
Silicon plants in southern China usually intensively produce the material during the wet season to take advantage of cheap hydroelectricity, which accounts for more than half of silicon production costs, Fastmarkets understands.