Shanghai Jinneng puts silicon exports to US on ice

Dec 02, 2008 | 06:33 AM |

Shanghai Jinneng International Trade Co. Ltd., the Chinese silicon trading house with the lowest U.S. anti-dumping duty, has halted exports to the United States due to low prices.

"Jinneng decided to halt exports indefinitely as it had failed to settle a satisfactory price with its U.S. customers for 2009 supplies," a source close to the company said.

Although Jinneng executives declined to comment, a company executive confirmed that it usually bases quarterly prices with U.S. customers on spot prices.....

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