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.
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
Weak demand drags Chinese exports, domestic steady
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 75% Si min export,...