Everybody knows that OMH mines manganese and manganese ore prices are Up.
How many investors know about Ferro-silicon?
The FeSi market in China is exploding prices up nearly 50% over the past few months.
I posted a graph of Chinese Ferro-silicon two days ago showing the FeSi price on the 17 August 2017 "The Metal Bulletin Chinese ferro-silicon export price, basis 75% Si, rose to $1,400-1,450 fob.
Further gains were made yesterday, now at US$1,500 -1520 fob
Has anybody have an idea how much profit OM Sarawak is making at these prices?
There is currently a 50,000 tonne / month deficit in China, its no wonder the price of Ferro-silicon is going through the roof.
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The US ferrosilicon market EXPLODED. After questioning where all the US imports of ferrosilicon went earlier this year, the US now has to deal with a major shortage. Ferrosilicon fines were sold recently for just under 80¢ per lb, and Outokumpu's tender for five barges of ferrosilicon for the remainder of the year will be eye opening.
Column 1 0 US FeSi at $1?by alanpatrickryan
Most sellers say the price is AT LEAST 90¢ per lb. "The price replacement cost in China is 89.5¢, c.i.f. so before you make any profit you are talking about a 91-92¢ price," one importer said. Chinese domestic prices are nearing rmb7,000 and no one knows why. "Its scary out there," another seller said. "I can see a $1 price in the near future, but I can't get any material."
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