European FeSi under pressure

European 75% ferrosilicon prices have sunk to $1,380-1,440 per mt, DDP, and there is a fear that tags are still going down. Merchants fear that significant ferrosilicon from Malaysia could be headed to Europe, as Asian consumption falls.

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Some tenders finished just below 1280 EUR/Mt for larger tonnages (approx 800MT) for Q4 deliveries DDP bulk. Central Europe prices for 24MT loads already close to 1300 EUR in big bags DDP basis for 75% min material.