Chinese market stabilizes losses but this was viewed as a pause amid consumer absence.
European price range narrowed lower while suppliers await fourth-quarter consumer business
US spot price narrowed on small transactions
China market quiet, prices held
The Chinese ferro-silicon export market was slow last week, with consumers either making aggressively low-priced bids or holding off purchases amid disappointing economic data.
Fastmarkets assessed the price of ferro-silicon, 75% Si min, export, fob China at $1,130-1,150 per tonne on September 11, unchanged week on week.
“It is a buyers’ market. Consumers have shown their intention to wait as they think they can get lower offer prices in the near term,” a Chinese ferro-silicon trader said.
“We made an offer price at $1,130 per tonne to Japanese customers two weeks ago, but there has been no response,” a second trader said.
“Overall, spot liquidity in the third quarter has dropped quickly and...