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Good news for ferro silicon as prices move up higher in Europe...

  1. rocket973
    4,695 Posts.
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    06/07/18
    10:29
    Post #: 34181196
    Good news for ferro silicon as prices move up higher in Europe and Finnfjord closes a FeSi furnace for major maintenance.

    In Europe, spot prices have climbed in the past week after third-quarter delivery settlements were concluded the week before. Metal Bulletin’s price assessment for ferro-silicon to major European destinations is €1,475-1,525 ($1,716-1,774) per tonne as of Friday June 29.

    The market was €1,100-1,130 per tonne at the end of 2016.

    Third-quarter delivery settlements for 2018 have been done around the middle of the current spot price range, with reports of several hundred tonnes of standard grade ferro-silicon being sold at €1,490-1,510 per tonne delivered.
    OMH Price at posting: $1.23 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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