Chinese ferrosilicon market report June 2011
2011-10-09 15:54:40 【Print】
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Although the National Development and Reform Commission declared to increase the power price in Qinghai Province and Gansu Province and aroused a bullish expectation of ferrosilicon market, ferrosilicon price is stable except for that in Qinghai Province
. Ferrosilicon price is stable in June . Since late June, ferrosilicon producers in Ningxia reported that power supply in Ningxia will be rationed and some of the producers reduced their output by half . However, this power ration is only in a small scale, so it doesn’t lead to the sharp decrease of ferrosilicon supply. The concluded price for ferrosilicon 75% is at RMB6,900-7,000/t ex works and RMB6,700-6,800/t ex works for ferrosilicon 72%