Silicon prices soften, but cause unclear
Jul 02, 2013 | 12:10 PM
| Michael Cowden
CHICAGO Silicon prices have softened over the past month, leaving market sources questioning whether the current slow market is the result of "summer doldrums" or a reflection of global economic troubles, including a possible slowdown in the U.S. automotive sector.
Silicon metal prices weakened July 2 to $1.18 to $1.23 per pound from $1.20 to $1.23 previously, with most market sources contacted by AMM reporting transactions at around $1.20 per pound.
Transactions were heard at roughly $1.15 per pound, most sources said, but they questioned the veracity of those reports.
One buyer said he recently received an offer for four loads of 553 silicon metal at $1.15 per pound, but didnt transact any metal at that level. "Thats the lowest Ive seen this year. ... (The market) seems to have dropped off," he said, questioning whether the offer was representative of the market or if the supplier was discounting to secure new business.....
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