Ferrosilicon Daily Express 9.5

• Thursday, September 5, 2019
• Source:ferro-alloys.com

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• Keywords:ferrosilicon, futures, spot

 [Ferro-Alloys.com] Recent losses in the Chinese ferro-silicon price deepened over the past week in line with persistently softer demand, while the European market was steady, although a lack of buying interest was expected to weigh on prices in the near term.

Export price in China drops on weak buying interest while domestic market tracks trend. European market under downward pressure US FeSi prices firm on small transactions. Weak demand drags down Chinese market. Chinese ferro-silicon prices look vulnerable to persistent losses, with weak demand dominating sentiment and trade in both domestic and export markets.

 

Steel H-beam prices in Northern and Southern Europe moved in different directions this week, although both regions reported weak levels of trading activity, sources told Fastmarkets on Wednesday September 4.

 

Seaborne iron ore prices pushed up on Wednesday September 4 after looser production restrictions were confirmed for steelmakers in Tangshan.

 

The uptrend in the iron ore market since 2019 started halted in August, with a month-on-month price decline of 24% for 62% Fe material and a 23% price decline for 65% Fe material.

 

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• [Editor:kangmingfei]