Welcome To ChemAnalyst
China’s fused silica market weakened throughout October ****, as a combination of upstream oversupply and sluggish downstream demand weighed on sentiment. While the month began with relative stability, mid-month weakness in the photovoltaic value chain and reduced wafer production pushed fused silica into a corrective phase. By late October, sellers faced increasing pressure to clear inventories, leading to a *.*** price drop in the final week. Overall, market participants reported range-bound activity punctuated by sporadic destocking rather than firm contract-driven buying.
The primary sector driver behind the slide was the photovoltaic and solar modules segment. As the weighted average price of module projects fell significantly in mid-month, orders used in these projects contracted. Per ChemAnalyst data, fused silica FOB Shanghai averaged $***.**/MT in October, down from the previous month’s average of $***.**/MT. Wafer production also eased, offering little support consumption despite modest destocking efforts…
Fused Silica Price
Fused Silica
24X7
Leave a Comment
We use cookies to deliver the best possible experience on our website. To learn more, visit our Privacy Policy. By continuing to use this site or by closing this box, you consent to our use of cookies. More info.
Copyright © 2020 – | ChemAnalyst | All right reserved | Terms & Conditions | Privacy Policy

source