July 05, 2008

China’s domestic calcium silicon price hike in a confused way

It is reported that currently, China’s calcium silicon price up continuously, especially price in Shaanxi, Shanxi and Inner Mongolia increase to a larger extent. Calcium silicon price with tax inclusive (Ca28Si55) in Shaanxi is CNY 140,000 to CNY 148,000 per tonne, CNY 145,000 to CNY 160,000 per tonne for Ca30Si55, Ca28Si55 in Shanxi is CNY 147,000 per tonne and CNY 15,000 per tonne for Ca30Si55.

Traders offer various price just because of the relatively tight supply now. It is rumored that factories surrounding Beijing may have been suspend or restrict production for several days during Olympics Games. Therefore, more and more enterprises stock spot goods, which result in less transaction in Shaanxi, Shan and Inner Mongolia. Furthermore, some steel mills purchase in a large quantity, either.

(Sourced from Ferro-alloys.com)