GLOBAL FERRO-SILICON SNAPSHOT: Production cuts spark price gains in China
Key data from Fastmarkets’ pricing sessions in Europe, China and the United States on Friday August 27.
China Ferro-silicon prices in China have been strong with general sentiment quite bullish following news that Ningxia has started a stricter round of production and power cuts, intended to meet the energy consumption dual control targets, and which made spot availability even tighter. In addition, rising ferro-silicon futures, coupled with the elevated Chinese price for magnesium, the key consumer of 75% of ferro-silicon, drove up the ferro-silicon price.
Ann: 2021 Half Year Net Profit After Tax A$23.5 Million, page-17
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