Spot revival, A380.1 rise send US silicon price to near 2020 high

A revival of spot trading activity amid an improving auto industry and a drop in cheap imports sent US silicon prices close to 2020's year-to-date high.

The rising price of secondary aluminium alloys, the main end market for the 5-5-3 grade silicon metal Fastmarkets prices in the United States, also drew the raw material up in its wake.
Fastmarkets assessed the price for silicon, ddp US, at 94-97 cents per lb on Thursday August 27, up by 1.1% from 93-96 cents per lb on August 20. The price is now just half a cent lower than its highest this year, basis a midpoint of 95.5 cents per lb.

Meanwhile, Fastmarkets assessed the price for the benchmark secondary aluminium alloy A380.1, delivered Midwest, at 70-73 cents per lb on August 27, widening upward by 1 cent...

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