[Ferro-Alloys.com] As big steel mills’ tender price fell on early September, Silicon manganese alloy spot price continued to drop. In addition, more and more small and medium enterprises are forced to cut or halt production in mid September.
[Ferro-Alloys.com]China's largest chromium chrome producer resumed its production, but the output failed to reach the normal level before the production halt.
[Ferro-Alloys.com]Chinese FeW was quoted at RMB124,000-125,000/mt by acceptance. Raw materials W concentrates stood at RMB65,000-66,000/mt, equivalent to cost line, at which miners were unwilling to sell materials.
[Ferro-Alloys.com]Overseas moly oxide transacted at USD5.6/lbMo. After summer vacations ended, European and American steel industry was underperformed, so buyers had no extra spot demand.