Market price of ferrosilicon remained below production cost line and ferrosilicon producers were seen with reduced numbers of furnaces into operation, but mainstream ferrosilicon prices were still stable in main production regions.

During June and August, the stainless steel production would enter the off-season, which reduce the demand of the raw material-ferronickel.

Affected by the weak market condition of the low ferronickel, the low-grade nickel ores future price also declined

FeCr price dropped by RMB50/mtu in June. Considering the high costs pressure, suppliers had to reduce the storage for raw materials. The transaction of chrome ore was not that active.

Till the end of this week, the imported prices of ferrochrome CIF Chinese ports had been as follows, India ferrochrome, USD0.82-0.83/lb Cr; South African ferrochrome, USD0.81-0.82/lb;

Supply of Si products was still tight on spot market and it’s hard to purchase. In mid-June,

In mid-June, although CaSi prices had less change compared with previous week,

In Industrial Economics, market concentration includes buyer concentration and seller concentration. In cored wire industry, both concentrations are quite low.