Chinese ferrosilicon market report June 2011

Although the National Development and Reform Commission declared to increase the power price in Qinghai Province and Gansu Province and aroused a bullish expectation of ferrosilicon market, ferrosilicon price is stable except for that in Qinghai Province.Asian Metal Copyright Since late June, ferrosilicon producers in Ningxia reported that power supply in Ningxia will be rationed and some of the producers reduced their output by half.Asian Metal Copyright Ferrosilicon price is stable in June.Asian Metal Copyright The concluded price for ferrosilicon 75% is at RMB6,900-7,000t ex works and RMB6,700-6,800t ex works for ferrosilicon 72%.Asian Metal Copyright Since late June, ferrosilicon producers in Ningxia reported that power supply in Ningxia will be rationed and some of the producers reduced their output by half.Asian Metal Copyright The concluded price for ferrosilicon 75% is at RMB6,900-7,000t ex works and RMB6,700-6,800t ex works for ferrosilicon 72%.Asian Metal Copyright However, this power ration is only in a small scale, so it doesn’t lead to the sharp decrease of ferrosilicon supply. The concluded price for ferrosilicon 75% is at RMB6,900-7,000/t ex works and RMB6,700-6,800/t ex works for ferrosilicon 72%.Asian Metal Copyright However, this power ration is only in a small scale, so it doesn’t lead to the sharp decrease of ferrosilicon supplyAsian Metal Copyright