Ferrosilicon market performance

The export market has not improved this week, first, overseas orders are rare, low price competition at home and abroad is fierce, the second is frequent exchange rate fluctuations, exporters gradually turn to wait-and-see attitude, less orders, prices slightly loose, the current price of ferrosilicon is FOB72#1240-1280, 75#1320-1360 US dollars/ton. Prices are lower excluding tax. According to customs data, in July 2023, China's exports of ferrosilicon containing more than 55% silicon were 24,898.292 tons, a decrease of 5366.037 tons from June, a decrease of 17.73% from the previous month. Compared with 57710.498 tons in the same period last year, a decrease of 32,812.206 tons, down 56.86%. From January to July 2023, total exports were 242,100 tons, down 214,200 tons from the same period last year, down 46.94%.
Hainan West Asia Import and Export Group expects the supply of ferrosilicon in the ferrosilicon market to continue to rebound in September. In August, steel recruitment came to an end, and delivery was mainly in the middle and late months. Mainly focus on futures trading performance, spot adjustment range is limited. For more ferrosilicon consultation, please pay attention to Hainan West Asia Import and Export.


 

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