Some FeSi Producers Raised Prices

Though ferrosilicon prices were mostly kept stable recently, some producers in Gansu have raised their prices slightly because of the limited usage of electricity power. With stocks being low, these producers increased their quotations to RMB7,000-7,200/mt. (1,60-1,080 $/t) And some suspended offering prices.

With the Spring Festival drawing, most producers expected that the market would keep calm on the whole. With more and more plants to stop producing, Chinese silicon metal market is anticipated to be steady before holiday. For one thing, most buyers have suspended purchasing so that some plants choose this opportunity to examine equipments. For another thing, some plants are forced to close because of power shortage, and goods would be delivered with problems.