Chinese ferrosilicon prices decline w-o-w on production cuts, lower trades
Grade 72% silicon: Prices declined with ex-factory, tax-inclusive quotes ranging from RMB 6,100-6,300/tonne (t) ($ 855-883/t), down by RMB 150/t ($21/t).
Grade 75% silicon: Prices inched down by RMB 50/t ($7/t) for this grade, with quotes at RMB 6,720-6,900/t (USD 942-967/t).
Manufacturers struggling on deal conclusion as market slumps: The ferro silicon market remained dull w-o-w, with prices taking a downward path. Despite numerous inquiries, trading volumes were low, which reflected a further decline in market confidence. The overall sentiment remained quite pessimistic, as manufacturers continue to see their profit margins shrink.
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