Excessive supply and steel mills’ large reduction of ferrosilicon bidding prices made it difficult for market prices of ferrosilicon to rise in China. More Ningxia-based and Qinghai-based producers planned to reduce production. The main stream ex-work tax-inc...

Chinese Mg Consumers and Dealers Showed Strong Purchasing Intentions in China (December1st–December5th)

Great Losses Caused More FeSi Producers to Reduce or Halt Operation in China (December1st-December5th)

This week magnesium ingot prices kept declining in China. Ningxia-based producers kept normal operation, leaving few stocks.

Till the end of this week, December bids of ferrosilicon appeared. Although some ferrosilicon producers had reduced operation rate due to slashed purchase prices and volumes of the steel mills, the market prices kept declining in China..

[Ferro-Alloys.com]Last Thursday, both TISCO and Tsingshan Group released their purchasing prices of high-carbon Ferrochrome for December, increasing by RMB50/50MT and RMB100/50MT respectively. Each of the companies will purchase 60k tonnes of high carbon Ferr...

[Ferro-Alloy.com]Most ferrochrome producers have resumed their production since Nov 13, but the monthly output would be cut down. The first month would see a cut of 50k tonnes in production, which would decrease a purchase of 120k tonnes of chrome ore. At the ...

Tight Supply Increased the Potentiality of Price Hike [Ferro-Alloys.com]Last Thursday, the ferrochrome plants resumed their production after the shutdown over the APEC, which would shorten the supply of high-carbon ferrochrome in short term, adding that the...