Illegally Exported Chinese Ferrosilicon went Halves with Legally Exported Material

Electrolytic manganese metal (EMM) market in Europe kept stable recently. According to the latest data of MB,

Entering mid-Mar. of 2015, the ferronickel industry maintained the low operating rate while the high FeNi price continued to decline. The following was high FeNi purchase price of Posco from Jan. to Mar. of 2015.

Silicon metal price increased slightly in Mid-March in China.

[Ferro-Alloys.com]In January, 2015, China exported 40mt FeW, up 79times from 0.5mt in last January and 66.7% compared with 24mt in last December.

[Ferro-Alloys.com]Chinese W concentrates was offered at RMB84,000-85,000/mt (USD13,770-13,934/mt, export duty excluded). Miners’ operation rate was low, owning small stock.

According to the statistics, since 2014, the LME nickel stock continued to improve. At the end of Feb., the nickel stock was 427thousand tons, increased by 157thousand tons compared with the same period of last year.

In mid-Mar. of 2015, several major FeB producers in China maintained the normal production while both the spot and export price declined. According one large manufacture of Feb