Prediction
Rising Nickel Price largely Pulled up the SS Cost-China
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. |
Mg Price Stabilized in China (May5th-May9th)
Magnesium prices were expected to remain stable in mid May in China. |
Low Operation Rate & Stable Prices Existed in China (May5th-May9th)
Ferrosilicon furnaces of 12,500KVA and 20,000KVA suffered, which involved 13 sets and 136,000 mt. |
Si Stocks Were in Shortage with Firm Quotations (May 5th –9th)
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. |
Chinese CaSi Market Run Flat (May 5th –9th)
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, |
Chinese FeMo Price Kept Steady, as Steel Mills Increased Buying Volumes
[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. |
Potentially Deteriorating Russia-Ukraine Conflict Might Benefit Exports of Chinese FeSi
[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... |
Chinese Si Export Price Fell Slightly with Inactive Transactions
Although Si price dropped, the real transaction was not that active on export market. According to one exporter, inquires for Si products increased recently |
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