In the past few days, domestic ferrosilicon market dropped slightly with transaction going weak. The quotation price in northwest and northeast region are in confusion. More and more factories began to work.. Quotation prices in major producing area in northwest are as follows,75# 6500-6600yuan RMB/ton, 72#6300-6400yuan RMB/ton, while in Mongolia 75#6600-6700yuan RMB/ton, 72# 6400-6500yuan RMB/ton. On the other hand, FOB quotation price in Tianjin port tend to drop in stability. Most enterprises in export business quotation price has dropped to 1400 US dollars/ton, and most of them quotes 1370-1390 yuan RMB/ton.
Domestic ferrosilicon market is influenced by downstream demand at present, the drop scale is within 100-200yuan RMB/ton. The supply has increased and people are still waiting and seeing. It’s estimated that domestic ferrosilicon will still be weak, and the prices will be in confusion. |