Silicon prices rise on steady demand

Mar 10, 2014 | 02:18 PM | Michael Cowden

Tags  silicon, silicon metal, silicon prices, Brazil drought, U.S. winter, logistics, imports, trade petition Canada

CHICAGO — Silicon metal prices have continued to rise on steady demand as well as import and logistical constraints, market sources said.

AMM’s silicon metal prices are in a range of $1.35 to $1.39 per pound, up from $1.30 to $1.35 previously.

Rising prices come as some Brazilian suppliers are struggling to keep up with contracted volumes because of a drought that has reduced hydroelectricity availability, pushing some suppliers to sell power back to the grid, some market sources said.

"I couldn’t quote (an aluminum producer) because I just don’t have the material to," one trader said, adding that he has instead sold smaller lots to customers at higher prices. "There’s just no reason to lower prices with less offshore material available."....

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