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Market Trend of Import of Ferroalloy as of 15 November 2018 <>...

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    Market Trend of Import of Ferroalloy as of 15 November 2018

    <> Ferro-silicon = Albeit the price of ferro-silicon in China is seesawing slightly, the current price maintains the same level as the end of October. There is an anticipation of a price fall in the market, but the lower price becomes severe for such reasons as (1) Inventory in the market is low, (2) Producers are reluctant to sell at a low price and (3) Customers remember the price spiked at the end of last year, and can't submit a low price without careful consideration. Besides, some of the market participants think there was some movement about the production adjustment in the winter season outside the meeting place when the standing board meeting of the China Iron & Steel Association took place in Beijing on November 6.

    As to Malaysian ferro-silicon, the producers (OM Sarawak and Pertama Ferroalloys) focus on the production for long-term contracts and Europe, but the offer price for the spot goods as to the shipments during November to December was submitted. But, no contract for spot goods meant for Japan was made.

    <> Silicon Manganese = The lower price in the Chinese domestic market becomes severe, and the current price of Inner Mongolian 6517 product is CNY8,650 to CNY8,750 per ton, down by CNY50 from the end of October. Such reasons seem to prop up the price as (1) Increased price of imported manganese ore, (2) Application of a comparatively high electricity rate for a low-water season started in the southern production area and (3) Production volume in Ulanqab, Inner Mongolia still drops due to power shortage. No contract meant for Japan was made this time, either.
 
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