Ferrosilicon Market Report July 2015

In July, traders’ enthusiasm in rebuilding stocks disappeared and a few steel mills reduced production for maintenance over the summer vacation, so Chinese ferrosilicon demand decreased and the market saw slower buying activities.Asian Metal Copyright Up to the end of July, prices for ferrosilicon 72%min fell by 2.Asian Metal Copyright However, because of the price increases in the previous days and the plants’ heavier pressure on loan in the second half of the year, producers’ operating rate went up and they suffered from greater inventory pressure.Asian Metal Copyright Meanwhile, as more and more overseas buyers left the market to enjoy the summer vacation, rare inquiries could be seen in the Chinese ferrosilicon export market and the slack demand caused decreasing prices, but the market still witnessed limited deals.Asian Metal Copyright Therefore, in order to achieve more deals, producers reduced the prices.Asian Metal Copyright Over the whole month, the mainstream export prices for ferrosilicon 72%min and ferrosilicon 75%min slid by about 2.Asian Metal Copyright Up to the end of July, prices for ferrosilicon 72%min fell by 2.Asian Metal Copyright However, because of the price increases in the previous days and the plants’ heavier pressure on loan in the second half of the year, producers’ operating rate went up and they suffered from greater inventory pressure.Asian Metal Copyright08% and those for ferrosilicon 75%min dropped by 2.Asian Metal Copyright51%.Asian Metal Copyright51%.Asian Metal Copyright08% and those for ferrosilicon 75%min dropped by 2.Asian Metal Copyright Meanwhile, as more and more overseas buyers left the market to enjoy the summer vacation, rare inquiries could be seen in the Chinese ferrosilicon export market and the slack demand caused decreasing prices, but the market still witnessed limited deals.Asian Metal Copyright However, because of the price increases in the previous days and the plants’ heavier pressure on loan in the second half of the year, producers’ operating rate went up and they suffered from greater inventory pressure.Asian Metal Copyright Over the whole month, the mainstream export prices for ferrosilicon 72%min and ferrosilicon 75%min slid by about 2.Asian Metal Copyright Therefore, in order to achieve more deals, producers reduced the prices.Asian Metal Copyright49% and 2.Asian Metal Copyright Over the whole month, the mainstream export prices for ferrosilicon 72%min and ferrosilicon 75%min slid by about 2.Asian Metal Copyright43% respectively.
.Asian Metal Copyright However, because of the price increases in the previous days and the plants’ heavier pressure on loan in the second half of the year, producers’ operating rate went up and they suffered from greater inventory pressureAsian Metal Copyright