Due to steel mill purchases in mid-November, the mainstream price of 72% of China’s ferrosilicon increased slightly and remained stable in the remaining time.
Affected by the continued decline in futures trading, the sentiment in the spot market was sluggish, and downstream inquiries and purchases were negative. As most overseas orders are still inactive, 72% of China’s ferrosilicon export markets have limited transactions. Most exporters are pessimistic about the market and predict that its mainstream export prices will weaken by the end of the week.
Although the demand in the end market is not high, most suppliers maintain prices unchanged. At present, the mainstream price of 72% of China’s ferrosilicon is the same as last week. Industry insiders believe that in view of weak downstream demand, rising electricity costs and high production costs, the mainstream price of 72% of ferrosilicon will remain stable this week.
