China's domestic ferro-silicon price drops on weak demand, adequate supply
Export price in China steady but vulnerable
EU prices steady in quiet market
US price flat due to inactivity
Chinese ferro-silicon price trends lower on weak demand, adequate supply
Fastmarkets assessed the price for ferro-silicon 75% Si min, in-whs China, at 6,050-6,300 yuan ($847-882) per tonne on Wednesday August 21, down by 1.2% from 6,100-6,400 yuan per tonne one week earlier.
Lingering weak demand from steel mills has been the major driver of the price drops that have persisted since the beginning of August, market participants told Fastmarkets.
“Crude steel production has been falling, which resulted in the softness in buying...