GLOBAL FERRO-SILICON SNAPSHOT: EU market maintains upward price momentum on production cuts

Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday December 6.



China

Domestic 75-grade alloy prices dropped for the first time since late September in response to the bearish outlook for the forthcoming steel mill tender prices for deliveries of 72-grade alloy, in addition to falling downstream magnesium prices and persistent weak exports. Sentiment has been subdued ahead of the announcement of the tender price by Hesteel, the second-largest steel mill in China, for its 72-grade alloy purchase. The majority of market participants believed the steel mill was likely to cut its tender prices in December. The lower tender prices for 72-grade...

Published

Chris Kavanagh

Susan Zou

Declan Conway

December 06, 2019

23:10 GMT

New York, Galway, Shanghai