The price of Chinese 98.5% silicon metal (553 grade) have held firm at $1,550-1,600/mt FOB China, as prolonged supply tightness in China has continued to hold prices firm, industry sources told Platts.
One China-based trader said current offers were quoted at around $1,600/mt FOB China. "There are some offer prices which are quoted at even higher levels at $1,620-1,635/mt FOB China, depending on the delivery date and the quantity," the trader said. "We are now exporting about 500-600 mt/month of spot material...the market momentum is still strong and I anticipate prices will be gradually moving upwards due to tight supply in China." He added that the stricter environmental restrictions set by the Chinese government to limit silicon metal output from Chinese plants had forced some smaller production plants to stop production. The supply tightness in China is likely to last for some time, the trader said.
One Hong Kong-based trader added that offer prices in China were at around $1,550/mt FOB China. "We have recently sold about 60 mt at $1,550/mt FOB. Prices are still strong though we haven't seen any major changes this week following the price surge in August," he said. Traders in China added higher power costs in China was also a factor driving prices higher.
The Platts FOB China silicon price for the 553 grade were at $1,550-1,600/mt FOB China this week, unchanged from a week ago. Prices were only at $1,400-1,440/mt in early August and $1,300-1,400/mt in July.
Meanwhile, traders said the current price for the 99.7% electrolytic manganese also remained strong at $3,900-4,000/mt on a CIF basis. The Hong Kong trader said he sold two containers at $3,900/mt CIF Rotterdam this week.
"Demand is steady and the market momentum is still strong," he said. Traders said domestic prices for electrolytic manganese also hold their recent gains quoting at around Yuan 22,000-22,500 ($2,917-2,984)/mt ex-plant.
The Platts FOB 99.7% electrolytic manganese are steady at $3,800-4,000/mt FOB China this week, unchanged from a week ago.
We can supply any quantity and any kind of Antimony products and fire retardant from stock.would you please inform us how many you need and your target price, then we will confirm ASAP. We are sincerely hope to do business with you and establish long term business relationship with your respectable company.
Look forward to hearing from you soon.
Best regards,
Sam Xu
MSN: xubiao_1996@hotmail.com
GMAIL: samjiefu@gmail.com
SKPYE:jiefu1996
Fire retardant masterbatch
0 comment:
Post a Comment