Posted by Mr.Sm Invest123 > 2021-09-30 11:26 | Report Abuse

Asian silicon buyers flood Europe to secure supply

Published date: 29 September 2021
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Asia-Pacific silicon consumers are flooding into the European market seeking spot cargoes, after their Chinese suppliers halted supply because of output cuts at the country's major production hubs.

European producers and traders received a large range of offers from Asian buyers, competing with their usual European customers for spot silicon metal volumes.

"I'm receiving calls from buyers in Taiwan, Japan, India and South Korea. I could easily sell all our production quantity to Asia right now," said one European producer. "But I have to serve my European customers on contracts, our focus is mainly Europe and Japan."

Most producers were focused on delivering on their contractual obligations, but some had small volumes available on the spot market. One western European producer sold several small lots of 5-5-3 grade metal to a South Korean buyer at $8,000/t (€6,863/t) cif Busan.

Traders offered higher prices linked to the Chinese export price but offers above this price were firmly rejected. One trader offered 3-3-0-3 grade metal to a Taiwanese buyer at €9,000/t in warehouse but was rejected. Chinese export prices for 5-5-3 grade silicon metal were assessed at $8,900-8,950/t fob (€7,616-7,658/t).

European buyers also scramble

Several large primary aluminium producers have also entered the spot market alongside secondary aluminium and chemical siloxane producers, pushing European prices higher.

Prices for 5-5-3 grade silicon metal were up at €5,400-5,600/t ddp on 28 September, an increase of €900/t from the previous assessment at €4,500-4,700/t ddp on 23 September. Prices for 4-4-1 grade metal were assessed at €5,600-5,800/t ddp on 28 September, also up by €900/t from €4,700-4,900/t on 23 September. The market for 3-3-0-3 grade was assessed up at €5,800-6,000/t ddp.

One producer sold 75t of 3-3-0-3 grade metal to an existing customer in Europe at €5,975/t ddp. Market participants expect prices to continue rising in the coming days as competition for spot volumes heats up.

Secondary aluminium and large primary and alloy producers were more comfortable absorbing price rises than chemical producers because silicon metal is a smaller proportion of their raw material costs.

Aluminium-silicon alloys contain 5-25pc silicon, with the most commonly used containing 8-12pc. Chemical producers require around 0.5t of silicon metal to produce 1t of siloxane, while polysilicon producers require 1t of metal to produce around 1t of polysilicon.

Consumers were also eager to secure material for the first and second quarter of 2022 at the earliest to avoid higher prices in the traditional October-November contract negotiation period. European producers said that consumers, usually buying from China, are negotiating with them for first-half 2022 supply, anticipating a protracted disruption in China from energy curbs and ahead of the Winter Olympics in Beijing in February.

"I think the problem is more of a structural issue, people are looking for longer-term contracts because of expected difficulty over the next year and fears over China's energy plans. Some are cautious for the full year, but less willing to commit as prices could come down further on," one European producer said.

By Thomas Kavanagh

Posted by SUPERMONEY > 2021-09-30 11:29 | Report Abuse

seems prices movement for now not reflecting on the news.

Posted by SUPERMONEY > 2021-09-30 11:30 | Report Abuse

still have selling force around ?

Posted by SUPERMONEY > 2021-09-30 11:31 | Report Abuse

for now looks like 12.00 seems to be the support

Posted by investmalaysia7777 > 2021-09-30 11:52 | Report Abuse

maybe need to have good qr then share price boom lo

Posted by SUPERMONEY > 2021-09-30 11:54 | Report Abuse

ya, if coming ctrs improved steadily to reflect the sustainable growth then prob value can be increased. just hope for it

Posted by newbee1441 > 2021-09-30 12:05 | Report Abuse

still can go back up?

Posted by investmalaysia7777 > 2021-09-30 12:06 | Report Abuse

macam got big buyers o

Posted by HamsterHuat > 2021-09-30 12:10 | Report Abuse

need latest QR to push it beyond rm14...
if not...swing here...swing there

Posted by AJtheGreat > 2021-09-30 12:27 | Report Abuse

Big news coming up... People are start buying like crazy...

Posted by gemfinder > 2021-09-30 12:32 | Report Abuse

jalan

Posted by SUPERMONEY > 2021-09-30 14:57 | Report Abuse

ala..back to red zone. 26lots q at 12.30 seller.

Posted by a11282879 > 2021-09-30 15:47 | Report Abuse

tq越來越高 還是tp越來越低哦....

Posted by AJtheGreat > 2021-09-30 15:55 | Report Abuse

Wall@ rm12... Pls don't collapse ya... Be strong

Posted by AJtheGreat > 2021-09-30 15:58 | Report Abuse

Hancuss

Posted by investmalaysia7777 > 2021-09-30 15:58 | Report Abuse

die lor

Posted by joelyk > 2021-09-30 15:58 | Report Abuse

wall break already, maybe next QR too long to wait. :(

Posted by ash0709 > 2021-09-30 15:58 | Report Abuse

what happen?

Posted by lulueveryday > 2021-09-30 15:59 | Report Abuse

will rise... last wall is RM11-RM11.50

Posted by Powerplay666 > 2021-09-30 16:03 | Report Abuse

Operator press down. Don't panic. Same thing happened with Sam and Genetec

Posted by Powerplay666 > 2021-09-30 16:05 | Report Abuse

The weak hearted will sell their tickets now. Just close your laptop for today.

Posted by SUPERMONEY > 2021-09-30 16:06 | Report Abuse

unfortunately last few days had formed alower high lower low pattern. as it is illiquid typed ctr it is very easy to manipulate. easy up and easy down. as small investor totally unsure their intended movement. shakeout weak holder or pump and dump clearance. so hope to the best. put a stop loss plan if have to.

Posted by SUPERMONEY > 2021-09-30 16:08 | Report Abuse

if the company does have future potential just let it be and hold longer term

Posted by gemfinder > 2021-09-30 16:09 | Report Abuse

aiyo yyo… takut leh

Posted by SUPERMONEY > 2021-09-30 16:12 | Report Abuse

noted it have went up from 7.00 range till current price. as speculated as long it swing widely and volatile moment above 10.00 or remains abv 10 range think might be ok. let's just monitor it

Posted by SUPERMONEY > 2021-09-30 16:14 | Report Abuse

whatever news out reflecting its future in goodness already well known. just the company have proved its value now

Posted by mf > 2021-09-30 16:33 | Report Abuse

Dow futures jump more than 200 points

Posted by Powerplay666 > 2021-09-30 17:04 | Report Abuse

Almost coming back to my original entry price of RM 11.30 but I'm not selling. Same nonsense happened with Sam but as long as you believe in the future fundamentals, water will find its level eventually. Very painful for the contra players who went in at over 13. Holding power is everything.

Posted by HamsterHuat > 2021-09-30 17:04 | Report Abuse

Shiitttt...must be the those Share conversion lo.....if the ESOS and share conversion all below rm5....
i am sure today and next few day will be those buggers selling off fast fast to reap profit 1st.

Tomorrow will be another waterfall lo.....rm11 next stop...if that happen....it might trigger mini tsunami towards....rm10 and below...

we need sandbag sandbag to plug the hole.

Posted by HamsterHuat > 2021-09-30 17:15 | Report Abuse

@Powerplay666
as long there still announcement of ESOS...Share Conversion ....

it will be selling down for sometime.

Posted by Powerplay666 > 2021-09-30 17:20 | Report Abuse

Hamster Huat.. What esos announcement are we talking about? I only see 1,500 share conversion from warrants. Besides there's a 3 years holding period for esos. To maintain employee loyalty.

Posted by a11282879 > 2021-09-30 17:38 | Report Abuse

這樣多天往下跌 ，看到都怕怕咯！

Posted by HamsterHuat > 2021-09-30 17:41 | Report Abuse

yesterday annoucement i3

conversion of loan stock
rm2.74
17,900

Posted by HamsterHuat > 2021-09-30 17:41 | Report Abuse

Did i read wrong?

Posted by HamsterHuat > 2021-09-30 17:42 | Report Abuse

https://klse.i3investor.com/additionalListing/7172/17-Mar-2021/28276_3513468954.jsp

Posted by HamsterHuat > 2021-09-30 17:43 | Report Abuse

17.9 million additional PMBTech share at rm2.74.....?
correct bor?

Posted by Powerplay666 > 2021-09-30 17:46 | Report Abuse

It's for 17.9 lots or 17,900 shares. That's a worth of around rm212 k only la

Posted by Powerplay666 > 2021-09-30 17:52 | Report Abuse

I'm holding more than that and I don't think I can move the share price with my holdings either lol

Posted by gemfinder > 2021-09-30 18:42 | Report Abuse

Powrplay, ur px 11.30?

Posted by Powerplay666 > 2021-09-30 18:44 | Report Abuse

Gemfinder.. Yes it is. Scooped it up when the price came retracing back from 13 plus all the way to 11.20 couple of weeks ago.

Posted by gemfinder > 2021-09-30 19:41 | Report Abuse

Im 12.57

Posted by LRWoo99 > 2021-09-30 19:49 | Report Abuse

I entered 12.88 ! Now 11.84

Posted by Powerplay666 > 2021-09-30 20:06 | Report Abuse

If you all are patient p, there's no need to worry. This company is going to generate over rm1 billion revenue for the coming fy22. Possibly rm2 billion over. Numbers don't lie.

Posted by gemfinder > 2021-09-30 20:29 | Report Abuse

Hope backup

Posted by contraplayer666 > 2021-09-30 21:03 | Report Abuse

Powerplay666 tomorrow got chance to rebound or not ?

Posted by SUPERMONEY > 2021-09-30 21:29 | Report Abuse

5 red days already lo , hope for reversal bar tomorrow

Posted by mf > 2021-09-30 21:31 | Report Abuse

Dow Jones 34,490.527 +99.81 0.29%
Nasdaq 14,591.05 +78.611 0.54%

Posted by Powerplay666 > 2021-09-30 21:47 | Report Abuse

Contraplayer666, it might remain sideways for a few days before rebound.

Posted by contraplayer666 > 2021-09-30 22:06 | Report Abuse

Already lose 16k and now still holding 12.4 now

Posted by Ahahah > 2021-09-30 22:13 | Report Abuse

Is time to collect again.