Silicon metal prices dip as outlooks diverge
Jun 05, 2013 | 03:12 PM
| Michael Cowden
CHICAGO Silicon metal prices have dipped in recent weeks, with market players split on whether the decline is a result of overreaction to fewer lower-priced deals or a lack of overall demand.
AMM has lowered silicon metal to $1.20 to $1.23 per poundin line with most reported transactionsfrom $1.23 to $1.27 previously.
But limited volumes have been sold both significantly above and below the new range. One trader reported selling a truckload of silicon metal at $1.26 per pound, while another reported selling one truckload to a secondary aluminum producer at $1.15 per pound delivered and a second truckload to another secondary aluminum company at $1.138 per pound delivered.....
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