Hopefully the market might start realising shortly that high alloy prices means higher profits. The shorter is having fun everyday churning a few shares, must be buying an selling for a pip either way. The constant manipulation also scares off potential investors.
Will we get announcement about the Malaysian Bursa listing shortly? You'd have to wonder why the process is taking so long.
Surely they're not incompetent in Malaysia? How many boxes need ticking?
The European ferrosilicon market is now over €1,500 per mt but with a few lower-priced stragglers. And, there were reports of business closer to €1,600. Most of the business was truckload amounts. YDD has sold its US ferrosilicon stocks. However, Asia doesn’t look so hot with the MJP price falling $20 to $1,570 per mt.
Column 1 0 European FeSi market hot but Asia isn’t
by alanpatrickryan
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- All new alloy production in Inner Mongolia STOPPED
All new alloy production in Inner Mongolia STOPPED, page-59
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