It is reported that Chinese silicon metal suppliers raised their offer prices this week amid a tightness in supply, but Indian importers still have a wait-and-see attitude before making purchases.
According to an Indian importer, the prices of Chinese silicon 553 and silicon 441 are at USD 1700 to 1740 per tonne CIF Bombay, up by USD 50 per tonne from before the Chinese New Year. The importer said "We don't have any inventory now and are not going to import products in the near future, as there is no order received yet."
His company imported a small amount of silicon metal from China before the Spring Festival.
Source: Steel Guru
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