Russian ferrosilicon prices stable
2017-08-10 10:55:26 [Print]
BEIJING (Asian Metal) 10 Aug 17 - Russian ferrosilicon 45%min and 65%min prices stand at USD930-940/t D/A 30 days and USD1,340-1,360/t D/A 30 days respectively in the spot market at present, rarely changed over the past week. As the purchasing volume sees little change in the market early this month, the price for the material may be steady in the following two weeks.
"Prices for ferrosilicon 45%min and 65%min from our supplier is about USD930/t and USD1,340/t currently, in the line with last week," said a Russian ferrosilicon consumer, adding that they bought about 100t of ferrosilicon 65%min at USD1,340/t last week and need not to purchase again this month. Encouraged by regular clients, local major suppliers will stabilize the price in the following two weeks.
The consumer’s annual consumption of ferrosilicon is about 1,200t. They bought about 100t early this month, the same as last month. They hold about 100t in stock now.
A Russian ferrosilicon 45%min trader confirmed that prices for ferrosilicon 45%min from local major suppliers in the spot market stand at USD930-940/t this week, unchanged compared with last week. "We can also make some small deals with regular clients now, so we hold our price firm at RUB56.0/kg (USD933/t) this week," said the source, adding that they sold about 20t early this month.
The trader’s annual trading volume of ferrosilicon is about 240t. They also sold about 20t last month. They have no stock now.
"Prices for ferrosilicon 45%min and 65%min from our supplier is about USD930/t and USD1,340/t currently, in the line with last week," said a Russian ferrosilicon consumer, adding that they bought about 100t of ferrosilicon 65%min at USD1,340/t last week and need not to purchase again this month. Encouraged by regular clients, local major suppliers will stabilize the price in the following two weeks.
The consumer’s annual consumption of ferrosilicon is about 1,200t. They bought about 100t early this month, the same as last month. They hold about 100t in stock now.
A Russian ferrosilicon 45%min trader confirmed that prices for ferrosilicon 45%min from local major suppliers in the spot market stand at USD930-940/t this week, unchanged compared with last week. "We can also make some small deals with regular clients now, so we hold our price firm at RUB56.0/kg (USD933/t) this week," said the source, adding that they sold about 20t early this month.
The trader’s annual trading volume of ferrosilicon is about 240t. They also sold about 20t last month. They have no stock now.
Ferro-silicon 72%min EXW China
Unit:RMB/mt
China ferrosilicon producers' number MoM output increase statistics by province by month
Unit: pcs
