Following Update---China Ferrosilicon Prices Continue to Fall
Hainan West Asia Group stated that the range of external quotations for FeSi 75 this week is as follows - based on FOB Tianjin Port, with a particle size of 10~50mm.
Al 1.5% max ---- 1165~1170 USD/MT.
Al 0.1% max ---- 1305~1350 USD/MT.
The price of FeSi 72 is between 1100~1130 USD/MT.
China's ferrosilicon prices have shown a significant downward trend compared with last week. Due to the recent sluggish market and pessimistic attitude towards the future, some Chinese ferrosilicon manufacturers have reduced production to clear inventory, and some manufacturers have even adjusted their production capacity by half.
Relevant salesmen in Hainan and West Asia revealed that previous British customers requested continuous updates on the latest price of ferrosilicon 75, which is consistent with the previously speculated wait-and-see attitude. The customer said that the UK currently does not accept Russian ferrosilicon. If prices continue to fall, there may be plans to purchase Chinese ferrosilicon in the near future. Our West Asia Group's ferrosilicon has always been competitive. Whether it is conventional 75 ferrosilicon, low aluminum ferrosilicon, or high-purity ferrosilicon, we welcome inquiries and market exchanges at any time.
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