Market observers expect yet another price drop for Trichlorosilane (TCS), CFR Houston U.S. prices in November **** after the slight *.** pullback in October. ChemAnalyst expect that lower production costs in China combined with significantly reduced ocean freight rates, increasing vessel capacity on the Transpacific trade, and aggressive year-end destocking will overpower any support from downstream semiconductor-grade polysilicon demand.
The main bearish source could be China, the world largest supplier of Trichlorosilane. Domestic prices of silicon metal, the key feedstock, have been dropping throughout November, substantially lowering the production cost for Chinese manufacturers. With Trichlorosilane FOB China offers already softening October is expected to further decline in the near future as exporters look to pass on Trichlorosilane CFR prices in the USA
To make the cost advantage even greater, the ocean freight rate on the important Transpacific Headhaul route may be dropping again in November. Spot rates to the...
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