Chinese ferrosilicon export prices in a wide range

BEIJING (Asian Metal) 7 Jan 11- As the major consumers from Japan and South Korea have already contracted their materials in the next two or three months, Chinese ferrosilicon export market see little movement with thin trading on the spot market, and prices for ferrosilicon 75% are in a wide range of USD1,520-1,590/t FOB China presently. 

An Inner Mongolia-based producer with a production capacity of 3,000tpm of ferrosilicon 75% exposed that they just sealed a deal with an Asian buyer at USD1,590/t FOB China early this week, and they would insist on their current offer in the near term. “Although some big producers can offer more aggressive prices, we will stabilize our offers at this level subject to high production cost,” said the source.

“We actually do not have many stocks, so we will maintain our offers and watch the market,” added the source.

Another Inner Mongolia-based producer with an output of 10,000tpm of ferrosilicom 75% disclosed that they offered the material at USD1,520-1,530/t FOB China on Thursday, down by USD20/t compared with that of last week, and they concluded some small deals with some Asian buyers. The source expressed that the price is transparent now, so it is meaningless to offer high.

“As we have almost booked out our material, so we will take a wait-and-see attitude towards the future market,” said the source.


FeSi Prices in FOB China basis

City	Spec.	Price	Up/Down	Unit
Qinghai	75%min	1,540-1,560	-20	USD/t
Gansu	75%min	1,540-1,560	-20	USD/t
Ningxia	75%min	1,540-1,560	-20	USD/t
Ningxia	75%min, Al 0.5%	1,655-1,675	-20	USD/t
Ningxia	75%min, Al 0.1%	1,715-1,725	-20	USD/t
Inner Mongolia	75%min	1,540-1,550	-20	USD/t
Shaanxi	75%min	1,540-1,560	-20	USD/t
Yunnan	75%min	1,560-1,580	-20	USD/t