There were a few lucky winners in the first half of 2016, mostly steel mills that purchased ferroalloys at fixed prices. One US mill reported bought high purity and low Al FeSi at a fixed price from Brazil. While that contract is thought to have expired, it certainly was a wise decision by the buyer.
Now buyers are faced with the dilemma whether to buy fixed or index for next year, and what sellers will offer.
Hey, this is what you get the big bucks for so man up