Exports of Norway FeSi Markedly Increased in June 2014

South Korea Imports of FeSi Markedly Rose Year-on-Year in June 2014

As magnesium producers of top production region-Fugun and Shenmu counties of Shaanxi province were seen with gradual summer maintenance over their facilities. Shanxi and Ningxia producers had kept normal operation

This week ferrosilicon prices almost unchanged in main production regions in China and producers held comparably steady offers. Shagang Group and a number of other large steel mills made known their purchase prices of FeSi for July delivery

Si metal of low grades was seen with slight declining prices in early July 2014 in China, but Si metal of high grades enjoyed firm prices. Producers kept normal production and tight supply situation got improved.

This week the prices of spot chrome ore kept stable as follows chrome ore from South Africa with Cr 40-42% at RMB29.5-31.5/mtu while Cr 44% at RMB31.5-32.5/mtu

This week FeCr producers kept normal production and producers offered much varied quotations. Some producers lowered quotations as Baosteel and Tsingshan Group both lowered July purchase prices of FeCr.

It was still generally expected that the Indonesian export ban would not be changed. Therefore, the supply shortages would provide firm support for the nickel and FeNi price in the long run. However, considering the fund and the demand from steel mills,