Anyone predicting a pause in ferrosilicon prices, especially in Asia, was delusional. After the ZCE limited speculator ferrosilicon contracts in ferrosilicon to 500 per day turnover went down but prices shot up. Over the last four days this week, the January 2021 ferrosilicon contract price has risen rmb1,908; today’s price was up rmb362 to rmb16,144.
Column 1 0 A pause in ferrosilicon prices, are you kidding?
by alanpatrickryan
Some major Western ferroalloy buyers are running away from the market in the belief that current prices are completely unsustainable. “The Chinese government seems intent on closing down manufacturing at least through the end of the year,” one buyer acknowledged. “To me that means that the ferroalloys that would normally go to the domestic steel mills not to export.
Column 1 0 It isn’t going to last
by alanpatrickryan
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