Spot silicon buying sags, prices dip

Apr 03, 2013 | 04:40 PM | Michael Cowden

Tags  silicon, silicon metal, silicon prices, automotive, FerroAtlántica, secondary aluminum alloys, Michael Cowden

CHICAGO — Spot activity for silicon metal has slowed to a crawl as both buyers and sellers say most market participants are amply covered by long-term contracts.

Some market sources contend that demand and prices for silicon remain firm thanks to solid demand from automakers for silicon-bearing aluminum and robust consumption from the chemical sector for products such as sealants, cosmetics, shampoos and rubbers.

But other sources said the lack of spot activity could reflect what might previously have been overly optimistic automotive build rate and 2013 economic growth forecasts.....

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