China's ferrosilicon prices soared overnight

Hainan West Asia Group said that just as predicted before, the ferrosilicon price in this week soared rapidly, affected by the surge in orders, the reduction in production and the lack of inventory. The ferrosilicon market price fluctuated, which temporarily made it impossible to quote.
Before increasing, the price of conventional ferrosilicon 72 FOB Tianjin Port was around 1245 USD/MT, size 10-60mm. It was definitely not able to continue to be implemented at present since there was a substantial increase.
Relevant salesperson from Hainan West Asia Group revealed that they had recently received many ferrosilicon inquiries from customers in Taiwan, Japan and Turkey. Many orders had been negotiated before, but due to the sudden price fluctuations, they could not be executed and had to give up the orders.
According to the analysis, we expected that the price of ferrosilicon may remain for a period of time after the surge, mainly due to the increase in demand.
To learn more about relevant market information, please pay attention to Hainan West Asia Group official website and related social media. You are also welcome to leave messages for discussion under related content.

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