Ferrosilicon Daily Express 11.6

  • Wednesday, November 06, 2019
  • Source:ferro-alloys.com

  • Keywords:ferrosilicon, futures, spot
[Fellow]Seaborne iron ore prices were rangebound on Tuesday November 5.

[Ferro-Alloys.comEuropean market steady but some sources start to notice tightness. The European ferro-silicon market has been steady over the past week amid limited spot activity, with consumers looking toward price negotiations for 2020. Fastmarkets assessed the price of ferro-silicon, lumpy, basis 75% Si (scale pro rata), delivered Europe, at €900-920 ($1,005-1,027) per tonne on November 1, unchanged from a week earlier. Despite the lack of trading, market insiders estimated that the price was at the top end of the range, although some higher offers were reported to be possible soon.

Chinese re-rollers' interest in imported billet has waned in recent weeks following a surge in prices in the major global markets, sources told Fastmarkets.

Seaborne iron ore prices were rangebound on Tuesday November 5, with market participants remaining jittery over high inventories and the upcoming demand lull over the winter season.

The Brazilian foreign trade secretariat, Secex, has exempted Germany, South Korea, Finland and Vietnam from an anti-dumping tariff on stainless cold-rolled coil imports, but retained it for China and Taiwan.

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  • [Editor:kangmingfei]

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