Affected by the Indonesian policy and the Ukraine situation, the nickel price had already increased by 50% since mid-Mar. This change brought much pressure to the steel mills for the rising cost while the stainless steel price was pulled up.

Magnesium prices were expected to remain stable in mid May in China.

Ferrosilicon furnaces of 12,500KVA and 20,000KVA suffered, which involved 13 sets and 136,000 mt.

This week, Si products were still in tight supply on spot market. Most orders kept producing based on the orders and there were few inventories to buy.

CaSi transaction had less change on spot market. Most orders were from old clients and there were few new orders to get. In terms of production,

[Ferro-Alloys.com]Chinese FeMo60 price kept steady. After May 1st holidays, many steel mills consecutively took tenders, improving bids for FeMo60 to RMB-/mt by acceptance.

[Ferro-alloys.com] Because of the continued conflict between Russia and Ukraine and US’ sanctions against exports of some Russian commodities, ferroalloy consumers especially ferrosilicon consumers might turn to other production countries for the materials so...

Although Si price dropped, the real transaction was not that active on export market. According to one exporter, inquires for Si products increased recently