OMH a strong BUY, page-115

Ferro silicon prices are improving slowly in China. Export prices would be at least 20% more due to export tax.

Early review of ferrosilicon on January 8, 2020

Guangdong Shaogang finalized the purchase price of 75B ferrosilicon in January 2020 at 6,100 yuan / ton of cash, with a purchase volume of 1,200 tons.

Xiangshan Iron & Steel finalized the purchase price of 75B ferrosilicon in January at 6,180 / 6200 yuan / ton, an increase of 100-130 yuan / ton from December, the volume of 600 tons, and a decrease of 1,400 tons from December.

Xinyu Steel ’s 75B ferrosilicon purchase price in January was 6,220 yuan / ton, an increase of 40-120 yuan / ton from December, with a volume of 1,600 tons.

A large steel plant group in Hebei finalized the purchase price of 75B ferrosilicon in January at 6,150 yuan / ton, an increase of 100 yuan / ton from December, the volume of 1,913 tons, and a decrease of 717 tons from December.

A large steel plant in Jiangsu finalized the purchase price of 75B ferrosilicon in January at 6,140 yuan / ton, up 70 yuan / ton from December, and the external purchase volume was 1,500 tons.