Chinese silicon makers renege on contracts as spot prices climb
Nov 30, 2010 | 04:52 AM
| Anne Riley
Rising spot silicon prices have enticed some Chinese suppliers to renege on lower-priced contracts with Western consumers, leaving some would-be buyers—including Rio Tinto Alcan—scrounging for material in an increasingly tight spot market.
U.S. spot market silicon prices have risen to between $1.55 and $1.65 per pound, up from $1.50 to $1.60 per pound at the start of September and well above the $1.23- to $1.25-per-pound range at the same time last year.
As spot prices have climbed higher, long-term contracts signed at lower prices late last year or earlier this year are no longer attractive to Chinese suppliers, sources said, causing a growing number to pull the plug on their global customers.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here