Ferrosilicon Market Report July 2014

At the beginning of July, influenced by higher freight costs, most ferrosilicon tender prices increased by RMB50/t (USD8/t), and this pushed spot prices for ferrosilicon 75%min up slightly, while those of ferrosilicon 72%min held firm.Asian Metal CopyrightAt the beginning of July, influenced by higher freight costs, most ferrosilicon tender prices increased by RMB50t USD8t, and this pushed spot prices for ferrosilicon 75%min up slightly, while those of ferrosilicon 72%min held firm.Asian Metal Copyright Later on, producers in Ningxia were forced to shut down some of their furnaces or reduce their output because of the electricity line rebuilding in the local area. As a result, the ferrosilicon market supply became tight and prices for ferrosilicon 72%min went up by RMB50/t (USD8/t).Asian Metal Copyright Later on, producers in Ningxia were forced to shut down some of their furnaces or reduce their output because of the electricity line rebuilding in the local area.Asian Metal Copyright In the export market, influenced by reduced demand from abroad and unstable delivery resulting from shipment detours, ferrosilicon prices went down at first but bounced back in the second half of the month.
.Asian Metal Copyright As a result, the ferrosilicon market supply became tight and prices for ferrosilicon 72%min went up by RMB50t USD8tAsian Metal Copyright