Domestic ferrosilicon market trend is in confusion as June is coming, so manufacturers are waiting and seeing, with storage. Current ferrosilicon75# mainstream offer is 6600-6800yuan/ton in northwest, ferrosilicon72# mainstream offer 6400-6600yuan/ton, while most of them stop offering temporarily. Government is carrying out policy of energy conservation and emission reduction, and its point is to press high energy consuming enterprise, so a lot o f ferrosilicon manufacturers there which are not qualified will shut down or cut production, which will make the market price move up in short future. While, downstream demand is weak at present, and steel material price keeps dropping, so there is not much room for ferrosilicon price to go up. |