Ferrosilicon Market Report September 2014
2014-10-16 16:23:44 【Print】
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In September, Chinese domestic ferrosilicon demand remained weak and export market kept quiet. At the beginning of the month, although a few of the tender prices increased slightly by around RMB40/t (USD7/t), the mainstream prices showed stable-oriented tendencies due to the soft demand and traders’ avoidance in making bulk purchases
. In mid-to-late September, Chinese ferrosilicon spot market saw rare deals and abundant supply, some small-scale ferrosilicon producers reduced their prices slighly to gain fund and reduce stocks . As for the Chinese ferrosilicon export market, badly influenced by the active smuggling market, the spot market witnessed few new deals . In order to maintain clients, exporters accepted price declines in the end of September.