Traders said on Tuesday, European Ferro Silicon market since last month's fall after several weeks have remained stable, prices could also soon as consumption increases and import prices are high and appear rebound.
Spot prices from 1380-1420 euros/ton fell to 1360-1390 euros/ton.
Market participation business report said 75% Ferro Silicon spot market price is in 1375 euros/ton.Is the price of 65% ferro silicon 1290 euros/ton.
A trader said. "we sold at the price of 1375 euros/ton, 1000 tons of 75% ferro silicon, this month sent to Ukraine."
"However, the material supply is not enough, at least able to get the material is not enough, and substitute from abroad and more expensive, so we predict that the price will rise further in the next few weeks."
China's export market price rising up space that the European market.
China Ferro Silicon FOB export price is $1550 / ton.$130 freight, however, the 25% export tax, the final price is $2100 / ton.
Market to participate in the business, said the European market is shortage of supply, the rated output can meet consumer demand.
Participate in shang said, Europe 70% Ferro Silicon market traders in bid for the Indian market and 72% of silicon metal, although no one offers.
Exporters, Russia and India turned their attention to China, and China's demand is larger than Europe, and China's price is on the rise, mainly because of the rise in price and environmental regulation.
Market participation business said, the earliest Chinese export shipment in late June orders are likely to increase the market price.
At present, the European market of Ferro Silicon is 400000 tons, annual consumption is 600000 tons, each quarter have to import about 50000 tons.
Last month the goods sent to the European market ex factory price is 1440 euros/ton, the following order price is 1420 euros/ton.
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