This week (12.11-12.15), the mainstream prices of China’s ferrosilicon 72%min and 75%min remained stable under the support of high production costs.
This week, China’s mainstream export prices of ferrosilicon 72%min and 75%min remained flat supported by domestic prices. 70%min ferrosilicon prices in India were flat this week as suppliers were unwilling to cut prices. European ferrosilicon 75%min prices remained stable this week. US 75%min ferrosilicon prices fell this week on lower trading volumes. Russian ferrosilicon 65%min prices fell this week, and Russian 65%min export prices fell along with domestic prices this week.
Due to weak overseas market demand and insufficient end market demand, China’s mainstream export prices of ferrosilicon 72%min and 75%min are expected to decline in the next week (12.18-12.22).And due to the impact of snow, corporate shipments have been hampered. To a certain extent, terminal companies are forced to be less enthusiastic about stocking up. The spot market is facing the reality of declining trading volume, which inhibits price increases.
