In Europe, prices have consolidated recent price gains, although the recent rally looks short-lived because export offers into Europe have appeared from Kazakhstan. There are no anti-dumping duties on Kazakhstan exports into the European Union, only a standard 3% import tax.
Weak demand drags Chinese exports, domestic steady
- Chinese export price drops on demand, competition
- Chinese output cuts underpin domestic prices
- European market maintains gains, but fresh offers cap stronger run
- US prices hold amid muted spot activity
Domestic and export ferro-silicon prices in China diverged over the past week, with persistently weak demand and tough international competition dragging down offer prices from China.
Chinese export ferro-silicon prices have dropped amid persistently weak demand and against aggressive offer prices from other suppliers in Asia. Those two factors have knocked consumer appetite for Chinese ferro-alloys, which are more expensive than other material in the international market.
Fastmarkets’ price assessment for ferro-silicon...