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Silicon Metal Price Moved Up in Japan

Source: Time:2013-12-23 08:49:29 frequency:

In the Japanese domestic market, although the customers took a wait-and-see attitude in the end of November and the price dropped temporarily, the aluminium makers moved to buy the portion for January - March and the price recovered overall as bouncing back. Among those, there is also anticipation of high prices for the items more than 4.4.1 grade (2202 and 3303 grades) whose supply has a tight feeling. On the other hand, the recovery in the price of 5.5.3 grade remained at a small range, and the offer price is mainly US$2,060 - US$2,100 per ton which also may have a small variation. In China, although the dumping to turn into money before the end of the year was expected, there is no low-price spot goods in the market and the producer's operational rate dropped due to the hike of electricity rate which in turn led to the increase in the tight feeling for supply. This impacted the Japanese market and created anticipation of high prices.
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