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Supply of Silicon Metal Remained Quite Tight with Rising Price in China

This week magnesium ingot producers had low level of spot materials and the general supply and demand relationship remained steady. Mainstream Shaanxi Mg99.90% price remaining

This week many steel mills began to release bids for July ferrosilicon in China, with mainstream steel mills as HBIS and Shagang Group included. HBIS and Shagang Group both increased purchase volume by around 400 mt for July delivery.

[Ferro-Alloys.com] Chinese FeV price kept steady, but the deals were slim. Next round of tenders from steel mills didn’t occur, most participants waiting for the market first.

[Ferro-Alloys.com] Chinese FeMo60 price dropped to RMB98,000-99,000/mt (USD16,065-16,229/mt, export duty excluded) by acceptance.

This week the South African chrome ores concentrates future price rose slightly while other mines stayed stable. As the downstream demand was not well, the traders were cautious for the imports. In the first 5 months, the total chrome ores imports were 4.23mil...

At the end of this month, the new round of purchasing for ferronickel was coming. Some steels had already said the purchasing volume would be reduced because of the weak demand and the poor market condition. I

The FeNi price was expected to go weaker for the weak demand from steel mills, while the decreasing rate might not be large, because now many FeNi producers had already cut down the production