Ferrosilicon Market Report April 2015
2015-05-25 09:18:42 【Print】
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The Chinese ferrosilicon market witnessed limited buying activities and sliding prices in April
. Under the sluggish downstream market, end users, in order to avoid holding excessive inventories and occupying more money, only made purchases in small volumes to maintain the basic need, so the Chinese ferrosilicon domestic demand showed no signs of rebounding . Under the inventory and financial pressure, producers were forced to accept price declines and were pessimistic towards the future trend . At the same time, the Chinese ferrosilicon export market continued to be weak . Although the strict checks in China-Vietnam borders resulted in the decreased supply, overseas buyers were in no hurry to rebuild stocks through normal trading channel and only held wait-and-see attitudes towards the market . Exporters, in spite of the thin profits, reduced their prices to attract clients and make deals, but received little effect.