[Ferro-alloys.com]: After National Day, the ferrosilicon market fluctuated slightly. As the actual transaction price of ferrosilicon kept in chaos, the participants show a cautious attitude towards the market and the ferrosilicon spot market is dominated by the prudent atmosphere. Up to now, the mainstream price of ferrosilicon 75# in Northwest China is RMB 4,650 - 4,750/mt while the price of ferrosilicon 72# is RMB 4,300 - 4,400/mt.

In the wake of Hebei Steel and Iron Group lowering its bidding price in October to RMB 4,800/mt, dropping by RMB 300/mt, other steel mills have also unveiled their tender price in succession. Nanjing Steel offered its bidding price of ferrosilicon 75B in October at RMB 4,800/mt; Sanming Steel offered its bidding price of ferrosilicon 75B at RMB 4,770/mt(by half acceptance, tax included), falling by RMB 310/mt m-o-m; Jiangsu Shagang Steel’s bidding price of ferrosilicon 75B was RMB 4,670/mt, decreasing by RMB 350/mt m-o-m; Kunming Steel’s bidding price of ferrosilicon 75B was RMB 4,980/mt, dropping by RMB 355/mt m-o-m.

In general, it is predicted that spot market of ferrosilicon would likely to face downtrend pressure in October as slack demand on steel mills.

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• [Editor:Chen Lian Hai]