Ferrosilicon the hot commodity in Chinaby alanpatrickryan All of...

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0	Ferrosilicon the hot commodity in Chinaby alanpatrickryan

All of a sudden ferrosilicon is HOT in China. The ZCE’s September contract price rose rmb 124 to rmb 6,552 on a whopping 463,994 contracts changing hands. The September contract opened at rmb 6,6734 and the daily high was rmb 6,976. The increase came after Chinese ferrosilicon smelters raise their offers based on tight availability, not demand.



As to Malaysian ferro-silicon, the producers (OM Sarawak and Pertama Ferroalloys) focus on the production of long-term contracts, and no contract for spot goods meant for Japan as July to August shipments was made.