China: Low demand, prices of ferrosilicon remain unchanged

According to a survey by Hainan West Asia Group, due to the overall decrease in market demand, the price of ferrosilicon remained unchanged this week
The ferrosilicon market was weak and later stabilized as the overall economy was still recovering, steel mills had high production costs, and there was not enough ferrosilicon in the market.
The manufacturer's production is as usual, but there may be a shortage of supply in the future. In terms of demand, consumers in different regions are purchasing less than in the past.
Even overseas, the demand for ferrosilicon has decreased, and orders are not as good as before. This means that manufacturers' inventory of ferrosilicon may exceed their sales capacity.
In the short term, it is expected that the ferrosilicon market conditions will be weak and unpredictable.

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