Raw Material Costs Pushing up Domestic Silicon Prices-Shanghai Metals Market

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Raw Material Costs Pushing up Domestic Silicon Prices

SMM Insight 06:49:28PM Mar 05, 2010 Source:SMM

SHANGHAI, Mar. 5 (SMM) -- This week, petroleum coke prices have been raised for two times, and petroleum coke prices were only RMB 1,600-1,700/mt pre-holiday, exerting great impact on costs at silicon metal producers.

Offers of silicon metal climbed all the way in Huangpu port, with prices of #553 silicon metal exceeding RMB 12,000/mt. Offers from producers in Guizhou province were in the RMB 12,100-12,200/mt range, offers from producers in Fujian province were at RMB 12,300/mt and offers from producers in Chongqing and Hunan were in the RMB 11,900-12,100/mt range. Prices of #3303 silicon metal climbed from RMB 13,000/mt earlier this week to RMB 13,200/mt and some traders even kept offers at RMB 13,500/mt.

Although offers of silicon metal climbed all the way, transactions were not brisk in spot market, and current firm offers were supported by costs. SMM believes silicon metal prices still have to room to rise further.

To contact the writer on this report: xiangyu@smm.cn

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn
 

Raw Material Costs Pushing up Domestic Silicon Prices

SMM Insight 06:49:28PM Mar 05, 2010 Source:SMM

SHANGHAI, Mar. 5 (SMM) -- This week, petroleum coke prices have been raised for two times, and petroleum coke prices were only RMB 1,600-1,700/mt pre-holiday, exerting great impact on costs at silicon metal producers.

Offers of silicon metal climbed all the way in Huangpu port, with prices of #553 silicon metal exceeding RMB 12,000/mt. Offers from producers in Guizhou province were in the RMB 12,100-12,200/mt range, offers from producers in Fujian province were at RMB 12,300/mt and offers from producers in Chongqing and Hunan were in the RMB 11,900-12,100/mt range. Prices of #3303 silicon metal climbed from RMB 13,000/mt earlier this week to RMB 13,200/mt and some traders even kept offers at RMB 13,500/mt.

Although offers of silicon metal climbed all the way, transactions were not brisk in spot market, and current firm offers were supported by costs. SMM believes silicon metal prices still have to room to rise further.

To contact the writer on this report: xiangyu@smm.cn

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn