More than half Chinese FeSi capacity expected to restart

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Feral Sillycan
Feral Sillycan

From what I have seen, the ZCE has not been indicative of any real numbers during this entire shutdown affair as it pertains to ferrosilicon. Said another way, there is at present a significant rift between the futures market and spot prices. 10000 rmb is really the market price at the present moment and the expectation is that Chinese prices for export will settle in the $1700 FOB range in the medium/short term. There are a lot of confirmed sales in Asia at $1800 and above.