Ferrosilicon Market Report August 2015
2015-09-23 08:58:40 【Print】
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In August, a number of steel mills reduced production for maintenance over the summer vacation, so Chinese ferrosilicon demand decreased and the market saw slower buying activity
. Meanwhile, producers were faced with heavy financial and large stocks pressure . Therefore, in order to achieve more deals, producers reduced their prices . By the end of the month, prices for ferrosilicon 72%min had fallen by 3 . 19% with those for ferrosilicon 75%min dropping by 3 . 96% . As for Chinese ferrosilicon export market, few deals could be found and the slack demand led to declining prices . Over the month as a whole, the mainstream export prices for ferrosilicon 72%min and ferrosilicon 75%min slid by about 1 . 71% and 1 . 66% respectively.