Tight Supply was Likely to Push up FeSi Further in China

Entering July, the demand from stainless steel weakened. It was acknowledged that the overhaul of steel mills increased. Under this condition, many steel mills cut down the purchasing volume of the raw materials.

In South of China, both Baosteel and Tsingshan Group had cut down the high carbon ferrochrome price in July by RMB50/mt.

n May, 2014, China exported 1,080tons chromium metal, which rose by 529% month on month and 53% year on year, accounting for nearly half the total of the first five months.

EMM market in Europe went up recently. According to the latest data of MB, warehouse price of 99.7% manganese flake

[Ferro-Alloys.com]Overseas moly oxide price dropped to USD-/lbMo before summer vacations.

[Ferro-Alloys.com]Chinese FeMo offer dropped to RMB-/mt by acceptance.

tight supply of silicon metal existed even until the end of June 2014 in China. Producers said their businesses were hot recently and it was very hard to procure spot silicon metal for export order due to quite tight supply.