Ferrosilicon Market Report October 2017

In October, prices for ferrosilicon mainly kept moving down because of the increasing supply, but began to go up in the last week of the month supported by the demand from steel mills’ new round of biddings. By the end of the month, prices for ferrosilicon stood RMB600/t higher than that at the end of last month.Asian Metal CopyrightIn October, prices for ferrosilicon mainly kept moving down because of the increasing supply, but began to go up in the last week of the month supported by the demand from steel mills’ new round of biddings.Asian Metal Copyright Because downstream demand would became weak in the coming winter and more furnaces would put into the market with current wide profit margin, industry insiders forecasted that the price may became weak at the end of November.

In October, affected by the trend of factory prices, export prices for Chinese ferrosilicon kept moving down, but move up slightly at the end of the month. As to the end of the month, export prices stayed USD5/t higher from the end of last month.Asian Metal Copyright Industry insiders predicted that in November the export price for ferrosilicon would go down at the end of the month following the factory prices.Asian Metal Copyright Industry insiders predicted that in November the export price for ferrosilicon would go down at the end of the month following the factory prices.

.Asian Metal Copyright Because downstream demand would became weak in the coming winter and more furnaces would put into the market with current wide profit margin, industry insiders forecasted that the price may became weak at the end of NovemberAsian Metal Copyright