Ann: Dividend Received of A$21 Million, page-19

GLOBAL FERRO-SILICON WRAP: European market remains steady; China shows signs of slowdown
The European market for standard-grade ferro-silicon was unchanged for the third consecutive week on Friday October 12, with suppliers in talks about selling alloy within the present spot price range, while Chinese prices were beginning to slide on slow demand.
European market solidifies price position Outlook slow, but stable for the near term Chinese market starts to slip on lackluster demand US market slow and prices flat. European market flat again Fastmarkets’ weekly price assessment for ferro-silicon, lumpy, 75% Si, for major European destinations, was unchanged for the third week at €1,300-1,350 ($1,502-1,560) per tonne on October 12. The spot market has been steady since it fell to a new annual low four weeks ago, after consumers settled some deals for quarterly deliveries into December at around €1,400 per tonne delivered. European suppliers managed to halt their price losses after a few deals were done in the latest price range. The European ferro-silicon spot market was last at its current spot level in November 2017. “We have some buying interest from European consumers in Germany for 100-300 tonnes of standard grade ferro-silicon at €1,300 per tonne for delivery in October,” one trader said.