Chinese ferrosilicon market remains bearish
It is reported that domestic FeSi market weakens today with dull transactions. In Northwest China EXW price is
offered at CNY 5,200 per tonne for 75-A FeSi and CNY 5,000 per tonne to CNY 5,100 per tonne for 75-C FeSi in Inner
Mongolia 75-A FeSi is quoted at CNY 5,350 per tonne; 75-A FeSi is exported at USD 1,080 per tonne at Tianjin Port.
FeSi price falls by CNY 50 per tonne to CNY 100 per tonne recently. Producers report stagnant demand and weak
purchasing. 75-A FeSi price stands at CNY 5,600 per tonne on acceptance. Some big steelmakers can get lower prices.
FeSi producers can only maintain regular customers. On the other hand, only some major producers in northwestern
regions maintain half productions whereas most other producers suspend or cut outputs.
Some producers reveal preferential electricity prices in northwestern regions may be removed. The rumor has
bothered producers. FeSi market is expected to keep firm operation with weak transactions in a short term.
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