Ferrosilicon Market Summary Dec 2016
2017-01-13 17:09:13 【Print】
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In December, China's ferrosilicon market demand kept all the way down, and the prices fell continually
. Since October and November, the operating rate in the main producing areas has increased, leading the overcapacity and oversupply in the market . Despite that the tender prices from steel mills rose slightly In December, the market spot prices decreased gradually . Under the influence of environmental protection, an increase of electricity and the pressure of inventory funds, ferrosilicon prices were a lack of the possibility to rise and forced to fall . At the same time, the electricity charge reform in both Qinghai and Ningxia region at the beginning of the month caused a phenomenon of reducing output volumes, and the majority of manufacturers chose to avoid peak production . For example, standard electricity fee was of RMB0.34/kWh in Qinghai, while the peak averting production of was only RMB0.28/kwh. The same situation happens in Ningxia region as well, and over 3/2 manufacturers chose to avoid peak production.