China’s ferrosilicon price market has a strong wait-and-see attitude

As ferrosilicon prices have been on a downward trend since last week, the market has a strong wait-and-see attitude. At present, the price of 75% ferrosilicon in China is the same as last Friday. As downstream consumers tend to purchase on demand, industry insiders revealed that domestic exporters have no intention of further cutting prices because this will break through the cost line. It is expected that export prices will fall in the next few days. constant. Now the price of ferrosilicon market will exceed the cost price. A producer in Shaanxi said prices would remain weak in the coming week.