Japan FeSi Prices Climbed on Tight Spot Supply

  • Tuesday, May 22, 2012
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  • Keywords:Japan FeSi Prices
[Fellow]
The roundabout exports of ferrosilicon from China through Vietnam and Taiwan, having been a disturbing factor since last year, now appear to be difficult to exist due to the much stricter control upon export at customs. Some producers/exporters were optimistic saying the stricter control would be only temporary, but actual situation is definitely changing. In response to the authority's pressure, several major Chinese ferrosilicon producers had a meeting in Tianjin last week to reconfirm orderly exports duly observing the laws. Based on the these moves in the market, spot availability of Chinese ferrosilicon has become much thinner due to delays/cancellation of the cargoes contracted through the roundabount trades, making current prices of ferrosilicon of Chinese origin in actual deals US$1,440 - 1,450/ton CIF, up by at least US$60/ton compared to the materials through the roundabout trade cheaply offered at US$1,350 - 1,380/ton CIF in February/March.
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