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| Silicon Metal Market Continued to Go Downward |
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| Code:MFN002013 Prpduct:Silicon Metal Date: 2010-06-07 |
Entering June, domestic silicon metal market still kept downward, and its prices showed constant decrease, but few deals were finished at last.
As we know, price for 553# cut to RMB11,000-11,200/mt (USD1,617-1,647/mt) delivered to the port in early-June; price for 441# also declined to RMB12,200-12,400/mt (USD1,794-1,823/mt); price for 3303# and 2202# in Yunnan province were offered at a low level of RMB12,300-12,500/mt (USD1,808-1,838/mt) and RMB12,700-12,900/mt (USD1,867-1,897/mt) respectively.
At the same time, oversea buyers showed no interest in purchasing Chinese silicon metal. It is reported that export price for 553# decreased to USD1,980-2,020/mt FOB in early-June; 441# price dropped to USD2,080-2,160/mt FOB; price for 3303# and 2202# also descended to USD2,200-2,280/mt FOB and USD2,320-2,380/mt FOB respectively.
In fact, insiders indicate that the current silicon metal price nearly approaches producers’ production cost. If government makes great efforts to punish those high-consuming and high-pollution plants, later silicon metal market will be affected. Insiders predicted that silicon metal market would be stable in the coming days. |
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| 08 Sep 2010 | | | Cash Ask | 3M Ask |
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| Copper | 7620.00 | 7635.00 |
| Aluminium | 2120.50 | 2150.00 |
| Zinc | 2170.00 | 2197.00 |
| Lead | 2151.00 | 2179.00 |
| Nickel | 22450.00 | 22400.00 |
| Tin | 20980.00 | 21075.00 |
| Al.Alloy | 2230.00 | 2130.00 |
| NASAAC | 2081.00 | 2110.00 |
| Steel Billet | 506.00 | 527.00 |
| Cobalt | 41000.00 | 40700.00 |
| Molybdenum | 35300.00 | 36000.00 |
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2010-09-09 |
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| PRODUCT |
BID
(US$/TON) |
ASK
(US$/TON) |
2B Coil-OCT |
3,300 |
3,380 |
No.1 Coil-OCT |
3,120 |
3,200 |
2B Coil-DEC |
3,300 |
3,380 |
No.1 Coil-DEC |
3,120 |
3,200 |
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MetalFirst China Average:
US$16.025/lb
As of Sept. 3, 2010
(updated weekly)
MetalFirst Average:
US$16.00/lb
As of Sept. 3, 2010
(updated twice weekly)
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