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[Ferro-Alloys.com] High inventory and poor transactions were main reasons blamed for continued downtrend for imported spot price in China since this year. As increasing bidding price of steelmakers in June coupled with power readjustement in some areas, it see...

[Ferro-Alloys.com] High inventory and poor transactions were main reasons blamed for continued downtrend for imported spot price in China since this year. As increasing bidding price of steelmakers in June coupled with power readjustement in some areas, it see...

In mid-June, silicon metal market was still in tight supply and the spots were hard to buy......

Different from the active transaction market, silicon metal export market ran weakly in China.

Entering June, the high ferronickel price continued to decline along with the weaker LME nickel price and the nickel metal price in Chinese market.

For high FeCr market trend in July, both Tisco and Jisco basically showed the consistent opinion, which was the FeCr price was hardly to go down then while it also hard to go up.

Major ferrosilicon producers of Ningxia and Gansu spot supply of ferrosilicon 75# remained very tight

In mid-month, big steel mills didn’t launch excessive bids, and deals were concentrated on scattered buying activities......