FeSi Producers Kept Flat Their Offers Amid Gradual Launches of Steel Mills’ Bids in China(December22nd-December26th)

Reduction and Halted Operation Spread to all Four Main Production Regions in China(December15th-December19th)

According to statistic of Korea Customs, S.Korea imported 12,700 tons of silicon metal in November 2014, down by 22% M-O-M and down by 15.3% Y-O-Y.

Excessive supply and steel mills’ large reduction of ferrosilicon bidding prices made it difficult for market prices of ferrosilicon to rise in China. More Ningxia-based and Qinghai-based producers planned to reduce production. The main stream ex-work tax-inc...

In October, Brazil exported 10468.75 tons of silicon metal (Si<99.99%), falling down by 31.9% M-O-M and down by 31.7% Y-O-Y. In Jan-Oct, 2014, Brazil totally exported 112972.75 tons of silicon metal, down by 4.9% Y-O-Y.

According to the statistics of US International Trade Commission, America imported 16940 mt of silicon metal in October 2014, down by 1.17% M-O-M.

Great Losses Caused More FeSi Producers to Reduce or Halt Operation in China (December1st-December5th)

In the US, Si553# price was 145-147 cents/lb. European Si 553# price were EUR 2270-2350/mt, up by EUR 40-50/mt.