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Due to continuous snowfall and highway closure, the main iron and silicon consumption areas (75%) in northwest China are in short supply. At present, the mainstream price of 75% ferrosilicon in China is the same as that at the beginning of last week.
Supported by the shortage of spot supply, the mainstream export price of 75% of the lowest ferrosilicon in Malaysia increased by 20 dollars/ton from the beginning of last week. As Asian demand has not yet recovered, industry insiders generally believe that Malaysia's export price of ferrosilicon will remain stable in the next week.
Driven by the strong price in the Chinese market, the mainstream export price of ferrosilicon in the Chinese market has increased by about US $10/ton compared with the beginning of last week. Industry insiders expect that the export price of China's ferrosilicon will remain stable in the next week as the price of ferrosilicon from international suppliers rises.
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