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Print[Ferro-Alloys.com]Current spell of price improvement in China the mills have scented an opportunity. A resounding production hike by 8% from end September to mid-October has kindled buying by mills.
The present stock levels at Chinese ports at 93 million tonnes barely sufficient for a month’s consumption mills are in hurry before the winter recess.
Undeniably uncertainty remains prevalent in the Chinese market owing to political transition on 8th November. Till that time traders and market seems to lay low.
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