[Ferro-alloys.com]According to the Chinese domestic and export FeSi market statistics, FeSi manufactures mainly replied on the old customers, without transaction orders. At present, enterprise goes on rising the price, FeSi market rose slowly.

Nowadays, Wuhan Iron and steel (Group) Corp’s release its’ FeSi72# bidding price firstly of RMB5, 500mt and the purchase volume was 1050mt, which set an sample to other steel mills tender procurement. It was reported that Citic Pacific ( Xingcheng, Daye, new smelter ) had announced its FeSi purchase price of RMB5,500mt and the purchase volume was 1080mt, which increased RMB370/mt M-O-M. This indicated that FeSi market would go on rising, FeSi manufactures would re-adjust the price according to their own situation after get the bid result of Hebei Iron & Steel Co.ltd and Jiangsu Shagang Group and so on.

At present, enterprise did not dare to restart the furnaces blindly, for some big furnaces need at least three months to recover normal capacity. Three mouths are neither short nor long, the ever-changing FeSi market and previous experience, makes FeSi enterprise paid cautious attitude toward market.

• [Editor:wanwei]