[SMM price] Polysilicon / trichlorosilane this week (4 13-4 17)

SMM learned that Rotterdam warehouse molybdenum oxide was reported at $33.65/lb Mo EXW on November 3, while the latest Busan warehouse level reached $33.60/lb Mo EXW on November 4—equivalent to approximately RMB 5,598/mtu including value-added tax based on the same-day SMM exchange rate. European ferromolybdenum was also reported at $78.30/kg Mo. The spread between Rotterdam and Busan narrowed to only $0.05/lb Mo, indicating that physical market levels in Europe and Asia have largely converged. Transaction volumes, payment terms and delivery schedules have not yet been disclosed.

Sylvania Platinum's average chrome contract selling price (CIF) declined 14% quarter on quarter to US$269/mt in Q1 FY2027, from US$310/mt in Q4 FY2026, according to its latest quarterly report. The lower realized contract price coincided with a decline in recognized chrome revenue, which fell 29% to US$3.641 million from US$5.141 million in the previous quarter. The decline in chrome revenue occurred despite a 67% increase in attributable Thaba Joint Venture chrome concentrate production to 29,799 mt. Sylvania explained that revenue recognition depends on concentrate shipped and loaded on board vessels, whereas production is recorded based on chrome dispatched. Lower shipped concentrate volumes, together with the decrease in the average CIF selling price, therefore affected revenue during the quarter. The company also reported that 30,562 mt of chrome concentrate remained in work-in-progress at the end of September 2026.

[ADC12 Price Daily Review: Limited Demand Growth and Cost Constraints Keep ADC12 Prices in the Doldrums] Today, China's spot price center for secondary aluminum alloy ADC12 moved lower, with SMM ADC12 quotes down by 100 yuan/mt.