July 2009 | Ferro-alloys
Europe pares gains: Silicon metal highlights
European silicon metal prices are weakening against very slow demand in the secondary aluminium sector.
In Europe, spot market prices for standard secondary aluminium-grade (98.5% grade) (5-5-3) silicon metal are at €1,600-1,650/tonne free on truck duty delivered paid, down from €1,700-1,850/tonne last month. Better grades of low iron content silicon metal (4-4-1) are at €1,730-1,780/tonne delivered duty paid. Very few quarterly silicon metal supply contracts have been settled in the second quarter, with that trend set to persist through the...
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