Forget iron ore, ferro-silicon is the commodity to follow.
Ferro-silicon 75% export price China this graph is UP from the 10th August 2017. The price is US$1,320/tonne.
This graph I posted previously was from 10th August 2017
This is the latest graph today 23rd August 2017 for ferro-silicon fob China. Note, the price has gone up another US$400/tonne in the last 2 weeks.
OMH, at these prices will be making US$900/tonne.
CHINA, Export prices for 75pc grade ferro-silicon alloy prices moved to $1,710-1,740/t fob up from US$1,320/t 2 weeks ago and up from US$1,500/t a week ago.
US Ferro-silicon at $1/lb, page-11
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