Chinese domestic ferro-silicon prices widen lower on weak mill demand
Chinese export prices hold on thin trading amid uncertainty from US-China trade negotiations
Europe market retreats after short-lived recovery
US market flat in dormant market
Chinese ferro-silicon price softens on weak mill demand
Fastmarkets assessed the price for ferro-silicon 75% Si min, in-whs China at 6,100-6,400 yuan ($865-908) per tonne on Wednesday August 14, widening downward by 100 yuan per tonne from 6,200-6,400 yuan per tonne on August 7.
Weakened downstream demand was the main reason behind the price drop, according to market participants.
Hesteel, a major carbon steel producer in China and whose monthly ferro-silicon tender price is considered a benchmark in the market, kept its tender price for August unchanged from the prior month at 6,450 yuan per tonne. But the amount of ferro-silicon that the steel producer is looking to purchase in August...