Monthly Ferrosilicon Market Report Mar 2023
2023-04-13 10:59:35 【Print】
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1. Market Highlights
Chinese ferrosilicon 72%min mainstream prices kept flat in the first weeks of February and decreased in the second week due to low purchase prices from steel mills. Moreover, the price almost stayed stable given weak demand but high production costs in the rest two weeks.
Encouraged by reduced supply from Inner Mongolia, the mainstream prices of ferrosilicon 75%min in China moved up in the first week of this month and dropped till the end of second week due to weak demand. In the second half of March, the price kept stable supported by reduced supply and edged down by the end of this month dragged by limited deals.
Chinese ferrosilicon 72%min mainstream prices kept flat in the first weeks of February and decreased in the second week due to low purchase prices from steel mills. Moreover, the price almost stayed stable given weak demand but high production costs in the rest two weeks.
Encouraged by reduced supply from Inner Mongolia, the mainstream prices of ferrosilicon 75%min in China moved up in the first week of this month and dropped till the end of second week due to weak demand. In the second half of March, the price kept stable supported by reduced supply and edged down by the end of this month dragged by limited deals.