Ferrosilicon prices remain stable this week

Hainan West Asia Group stated that the ferrosilicon FOB Tianjin port price this week is as follows:
FeSi 75, Size 10-50mm
1260 USD/MT
FeSi 75, Size 50-150mm
1255 USD/MT
And prices remained largely unchanged during the week.
The relevant salesperson in Hainan and West Asia group revealed that British traders have been concerned about the price of ferrosilicon recently. He noticed that the price has increased significantly. We have replied that this week’s price update is due to the increase in shipping costs and the fluctuation of ferrosilicon cost and the price in the Chinese market has a significant increase.
According to the analysis of Hainan West Asia Group, China's ferrosilicon market price continues to be affected by the production reduction and supply shortage of steel mills. It has been stable and slightly higher than after Labor Day. It is expected that the price will not change much in the future.

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