The import price of silicon metal in the Korean market has increased

Hainan West Asia Group has learned that, supported by the recent upward trend in Chinese prices, the mainstream import price of silicon metal 4-4-1 in the South Korean market has increased by about 50 USD/T compared to the beginning of this week to 1930-1980 USD/T  landed in South Korea. Considering the upward trend of prices in China, industry insiders predict that the mainstream import prices of silicon metal 4-4-1 in the Korean market will further increase in the next week.

A South Korean trader revealed that he purchased 20 tons of metal silicon 4-4-1 from a regular Chinese supplier for 1950 USD/T CIF Busan on Wednesday. The trader revealed on Wednesday, "All of my suppliers have raised their prices by about 50 USD/T  today, as Chinese prices have increased by at least 300 RMB/T (41 USD/T ) this week." He added that some suppliers plan to further increase their export prices in the face of rising Chinese prices, and he expects the import prices of silicon metal 4-4-1 in the Korean market to further increase next week. Due to tight spot supply, prices in China will further increase. Hainan West Asia Group expects that the mainstream import prices of silicon metal 4-4-1 in the Korean market will further increase next week.