The West and China moved in opposite directions in Fastmarkets assessments for the week to Friday October 8, with Europe's price for standard silicon at its highest level since Fastmarkets started assessing it in 2017. The US price is now at its highest level
and China’s at its second highest level since those assessments were introduced in 1997.
China’s 5.6% weekly decline in the latest silicon price assessment does not necessarily signal that prices will retreat from global peaks - even several weeks from now, since other regions are lagging price developments in China, sources said.
“It’s difficult to say,” one large, Western supplier said. “Supply is still short and I’m not seeing [China’s] factories come back online.”
The US price still seems to be climbing on global supply dislocations, according to early indications ahead of the next...