[Ferro-alloys.com] The August bids for ferrosilicon were near at end and FeSi market kept stable in China after the recent G13 ferrosilicon summit. The market prices of ferrosilicon kept unchanged in China, with mainstream FeSi75# being RMB5,850-5,950/mt(USD951-967/mt) and FeSi72# being RMB5,500-5,600/mt(USD894-910/mt), ex-work tax-inclusive price by acceptance in main production regions. Different financial pressures and stocks caused even higher or lower quotations.

Although the market prices kept steady, the newly built ferrosilicon furnaces were likely to be gradually put into operation in some main production regions, especially in China’s Ningxia Hui region. Ningxia Sanyuanzhongtai Ferroallloys Co., Ltd would put into operation another two furnaces of 25,500KVA by the end of August 2014, by when the monthly capacity would reach 17 thousand tons. By the end of September 2014 there would be several other Ningxia-based ferrosilicon producers who would put into operation additional furnaces.

• [Editor:Phillip.Feng]