Ferrosilicon Market Report January 2015
2015-02-25 14:36:29 【Print】
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Chinese ferrosilicon market continued to see sliding prices in January, after the New Year’s Day holiday
. Under the slack downstream market, ferrosilicon market was weak and producers were under pressure to make deals . Most market participants held wait-and-see attitudes towards the market in early the month and delayed rebuilding stocks . During the middle to late January, producers were forced to reduce price to attract clients as they were in a hurry to make deals and withdraw money . The market became slightly warmer, but the abundant supply and fierce competition resulted in the constantly downward tendencies of ferrosilicon mainstream prices . Insiders held pessimistic attitudes towards the future market trend . Turning to the Chinese ferrosilicon export market, limited buying activities and price declines could be seen in the market under the pressure from buyers and the active detour shipments market.