Upward momentum in Europe affect Q1 negotiations; Chinese market quiet
The export price for Chinese silicon 5-5-3 was unchanged from the previous week in a quiet market. This is because the
The quantity of silicon available for export is restricted by China’s domestic consumption and tight supply in the country during the dry season from November to May. Thus, very few export deals have been reported by market sources.
Europe:
The European silicon spot price continued to climb over the week on producers’constant refusal to cut offers that ultimately has caused material tightness in recent weeks, according to sources. The increase is boosting prices for long-term contracts in the first quarter in 2020 and negotiations are tougher than traders initially expected. On the other hand, other sources indicated that the current trend cannot go beyond the first quarter of 2020 due to weak fundamentals and slow demand from the automotive sector.
