Ferrosilicon Market Report November 2014
2014-12-16 14:18:56 【Print】
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In November, the Chinese domestic ferrosilicon prices continued to drop
. The concentrated production expansion in September and October resulted in huge oversupply of ferrosilicon . Producers are willing to accept price declines to reduce stocks . However, buyers reduced purchase volumes to avoid losses caused by price declines, which led to the weakening demand in ferrosilicon market . As for the Chinese ferrosilicon export market, considering that the purchase activities for Q4 ended and the detour shipments market was active, the Chinese ferrosilicon export market saw slack demand . Exporters lowered their prices to stimulate sales.