Support Factors Lacked for FeSi Market Prices in China

The end of National Day Holiday meant the majority of early October was nearly over. HBIS and Shagang Group had released flat purchase prices of ferrosilicon for October delivery.

Offer and Contract Prices for the Purchase in Japan Remained Flat From Early September

According to the statistics of US International Trade Commission, America imported 14510 mt of silicon metal in August 2014, down by 23.4% M-O-M. The materials were mainly imported from Brazil (4229mt), South Africa (1950mt), Australia (1576mt), Canada (3606mt...

According to statistic of Japan Customs, Japan imported 18215 tons of silicon metal in August, up by 1.9% Y-O-Y. The materials were mainly imported from China with import volume at 17717 tons.

In August, Brazil exported 11285 tons of silicon metal (Si<99.99%), falling down by 14.2% M-O-M and down by 14.7% Y-O-Y. In Jan-August, 2014, Brazil totally exported 94568 tons of silicon metal, up by 2.9% Y-O-Y.

In mid and late September, steel mills including HBIS and Shagang Group launched bids for ferrosilicon for October delivery in China. In terms of purchase volumes, flatness or slight decrease was the basic tone. Ferrosilicon producers kept normal operation in ...

According to statistic National Bureau of Statistic of China, China export 81182 tons of silicon metal in August, up by 17.73% Y-O-Y, and materials were mainly shipped to S.Korea and Japan with quantities respectively at 14657 tons and 16133 tons.