Silicon prices soften, but cause unclear

Jul 02, 2013 | 12:10 PM | Michael Cowden

Tags  silicon, silicon prices, silicon metal, Globe Specialty Metals, spot prices, 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 didn’t transact any metal at that level. "That’s the lowest I’ve 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.....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results

AMM Events