An Ukraine-based trader reported that offers from suppliers for ferrosilicon 65%min firm at UAH17,000/t (USD2,125/t), but the trading is thin as most consumers are watching the market. “We received few enquiries from consumers over the past month and the demand keeps sluggish,” stated the source.
The source disclosed that there is a 20% of tax refund for ferrosilicon export in Ukraine, however, they received few enquiries from foreign customers and they did not quote for the material as well over the past month. He thinks that some suppliers will lower their quotations to attract buyers in the short term as the demand keeps slow.
Another Ukraine-based trader stated that they received few enquiries and concluded no new deals over the past month, and the trading is slim on the market. “Some traders still hold abundant inventory at the moment, but there are few enquiries from customers, so I think the price will slide in the coming week,” stated the source. He thinks that the current price is UAH16,800-17,000/t (USD2,100-2,125/t), but it will drop to around UAH16,500/t (USD2,062/t) in the short term
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