GLOBAL FERRO-SILICON WRAP: Chinese domestic prices continue...

GLOBAL FERRO-SILICON WRAP: Chinese domestic prices continue ascent amid output cutbacks; US, European markets remain broadly inactive
The Chinese domestic ferro-silicon market continued to strengthen after environmental regulators in the country enforced production cuts, while the US and European markets were largely stable amid thin trading activity.

China domestic market bolstered by enforced cutbacks European FeSi market stabilizes amid quiet spot demand US spot market firms on elevated replacement costs Chinese domestic prices continue to rise amid supply curtailments Metal Bulletin assessed the Chinese domestic spot ferro-silicon (basis 75% silicon) price at 6,600-7,200 yuan ($1,029-1,123) per tonne on Friday June 1, up 200 yuan per tonne on the high end of the range from a week earlier. A deal for a 4,000-tonne cargo had transacted at as high as 7,200 yuan per tonne last week, market participants told Metal Bulletin, while the lowest deals heard were at around 6,600 yuan per tonne. Supply remained tight due to the continued enforcement of strict environmental regulations on producers in Inner Mongolia, which has curtailed output from the region. “This time round, environmental regulations are being imposed more stringently, with producers being shut down...







Prices still healthy. But looks like someone is unloading a large amount