The European spot market of Fesi is at a level, according to Ferro-alloys.com data, and was reported at €1,220-1,350 ($1,290-1,428) per tonne this week. in May of 2011,  The European spot price range was €1,310-1,450 per tonne (a year when it peaked at €1,450-1,510 per tonne in January), according to historical data of ferro-alloys.com. 

Ferro-silicon consumers and suppliers diverged on where they did business over the week, with consumers reporting deals around the lower end of the current range, while suppliers reported doing deals in the top half. 
Price below Eur1220/mt cif, None can supply, All dealers saw only low levels of imports, mostly being offered from India, while there is nothing available below €1,220 per tonne delivered on a spot basis. 
One major buyer in Europe said he saw no business above €1,300 per tonne and added that he is looking to settle longer-term monthly and quarterly settlements in the next few days. There are ample ferro-silicon stocks in consumer yards, and he said he expects little spot demand from them in the near term. 

However, Price seems abit up in transaction, another major supplier said they are offering standard grade ferro-silicon at €1,340 per tonne delivered,which they sold at 40Euro /mt higher than last week deal.

Indian exporters are offering ferro-silicon to Europe at about €1,200 per tonne cif ($1,150-1,180/tonne cif plus freight and handling costs), and have been successful in getting business. Exporters in Bhutan are also offering alloy at slightly higher price levels. Indian ferro-silicon is only 60% silicon content: the country does not produce the standard 75% silicon grade ferro-silicon that is typically traded in Europe, though some consumers in Europe can use it. Bhutan can produce 72-74% silicon content alloy. 

?China is biggest ferrosilicon suppliers, with Fesi 75% grade, but due to Anti-dumping, no Chinese Fesi is coming to Europe, and consumers from Europe have to pay higher price for FeSi.

• [Editor:admin]