[Ferro-Alloys.com]In late August, price of ferrosilicon in China kept downtrend due to sufficient supply and weakened demand. Ex-work price of ferrosilicon 75# lingered about RMB4,950-5,050/mt while RMB4,700-4,800/mt for 72#. In fact, reducing demand aggravated ferrosilicon producers’ worry on future performance. What’s more, HBIS put September enquiry on ferrosilicon lower by RMB200/mt to RMB5,100/mt.

As of export market, price of ferrosilicon 75# dropped to USD1,150-1,180/mt fob while USD1,120-1,150/mt for 72#. In terms of international market, price of ferrosilicon 75# remained at Euro1,130-1,180/mt in Europe, while price of ferrosilicon 75# was maintained at¢83-85/lb in America.

In general, it is predicted that ferrosilicon would be likely to keep on track to low point in September amid flat demand.

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• [Editor:Sophie]