[Ferro-Alloys.com] The export price for Chinese ferro-silicon, which earlier this month hit a 27-month low amid persistent weak demand and tough international competition, stabilized in the week to Friday September 13 but spot buying interest was negligible.
Chinese market stabilizes losses but this was viewed as a pause amid consumer absence. European price range narrowed lower while suppliers await fourth-quarter consumer business. US spot price narrowed on small transactions. China market quiet, prices held. The Chinese ferro-silicon export market was slow last week, with consumers either making aggressively low-priced bids or holding off purchases. Fastmarkets assessed the price of ferro-silicon, 75% Si min, export, fob China at $1,130-1,150 per tonne on September 11, unchanged week on week. “It is a buyers’ market. Consumers have shown their intention to wait as they think they can get lower offer prices in the near term,” a Chinese ferro-silicon trader said. “We made an offer price at $1,130 per tonne to Japanese customers two weeks ago, but there has been no response,” a second trader said. “Overall, spot liquidity in the third quarter has dropped quickly...(Metalbulletin)