Ferrosilicon Daily Express 12.27

  • Friday, December 27, 2019
  • Source:ferro-alloys.com

  • Keywords:ferrosilicon futures spot
[Fellow]In November, 2019, China exported a total of 20410.62 tons of ferrosilicon (>55%)

[Ferro-Alloys.comAccording to the data released by China Customs, for the month of November, 2019, China exported a total of 20410.62 tons of ferrosilicon (>55%), up by 3.34% vs. October, 2019 and down by 52.21% vs. the same period in 2018.

In November, China exported 7765.124 tons of ferrosilicon (>55%) to Japan, which accounts for around 38.04% of the total exports in November of China, and exported 5819 tons to Korea, which accounts for around 28.51%.

Through the eleven months, China exported 106941.781 tons of ferrosilicon (>55%) to Japan, which accounts for 32.47% of the total exports in the first eleven months in 2019, and exported 84484.1 tons to Korea, which accounts for around 25.65%.

The status of major US steel demand drivers ahead of 2020, and market expectations for those sectors in 2020, will play a major role in steel prices.

The construction and automotive sectors, the two major buyers in the US steel market, account for almost three-quarters of domestic steel consumption, according to American Iron and Steel Institute data. We will take a closer look in the recent trends in those sectors and predictions about their performances in 2020.

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  • [Editor:kangmingfei]

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