Chinese FeSi headed to US

The US ferrosilicon market should be getting some Chinese material in the near future. With domestic prices falling, more Chinese ferrosilicon is being offered for the export market despite the lower US dollar against the rmb. Prices are now $1,400-1,450 per mt, f.o.b., which translates around 95¢ in warehouse US.

The ZCE May contract price fell rmb 40 to rmb 6,138 per mt on 156,828 contracts, while the silicomanganese contract fell rmb 44 to rmb 8,062 per mt on 265,860 contracts.

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