The Chinese market is DEAD. With the 10% duty on Chinese imports into the US looming along with a growing trade war between China and the US and the US with the world, no one wants to buy or sell ferroalloys.
Buyers of Chinese ferrosilicon don’t want to take the risk of the potential 10% extra duty and are either asking to split the risk with sellers or even US buyers, but only half heartedly. In reality, no one needs the material now anyway.
Ore sellers, both manganese and chrome, aren’t in a rush to even quote knowing that buyers only want lower prices and without making any firm commitments.