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Metal Bulletin assessed Chinese domestic spot ferro-silicon (basis 75% silicon) prices unchanged week on week at 6,100-6,500 yuan ($972-$1,035.80) per tonne on Friday April 13.
Current domestic prices are at cost production levels for some ferro-silicon plants, which is causing them to lose money, according to industry sources. To stave off the threat of potential losses, some producers have cut or stopped producing 75% grade alloy.
Some switched to producing 72% silicon-grade which, while resulting in more sales, has meant lower sales prices.
Export prices for ferro-silicon from mainland China (basis 75% silicon, 7.5% carbon) were down, dropping $10 per tonne week on week to $1,340-1,400 per tonne on April 13, according to Metal Bulletin’s latest assessment.
Producers did not want...