Silicon Metal Market Functioned Well before Spring Festival in China

[Ferro-Alloys.com]In December,2014, China exported 24mt FeW, down 40% M-o-M(40mt). The export volume was zero mt last December.

[Ferro-Alloys.com]Overseas moly oxide transacted at USD8.4/lbMo amid soft demand. Steel mills’ operation rate was low, as well as stocked enough raw materials, so downstream buying intention lowered.

In the three years of 2011-2013, the high FeNi price basically presented the stepwise decline. In 2011, the high FeNi was quoted at RMB1450-1550/Ni(ex-works price with tax, by cash) while in half 1 of 2012,

]In mid-Feb. of 2015, the FeB price in China had no much change compared with last month. The FeB18% was quoted at RMB21000-21500/mt. according several large producers

United States Greatly Increased Imports of FeSi from China and Slightly Increased from Russia in 2014

[Ferro-Alloys.com]It seems that flat demand on ore aggravated traders’concern on future market since increasing number of participants quit market temporarily for Spring Festival approaching.

In accordance with the spot market, the high grade nickel ores futures price drop to low level in mid-Nov. 2014 and then in the next two months, the nickel ores price slightly recovered.