C1 costs of US$12.78 per wmt, five per cent lower than the March quarter (US$13.51/wmt).

However, uncertainty over the trade environment and volatility in the financial markets continue and could pose downside risks to this forecast. At the time of writing this, nothing has changed.

The US imported 84,642 mt of 55-80% ferrosilicon in the first five months of 2019 and 9,423 mt in May 2019.

A total of 36470.087 tons of ferrosilicon(>55%) were exported from China in May, 2019, down 42.73% vs. the same period of 2018.

Average daily production of crude steel of major iron and steel enterprises was 2.06 million tons in early June, up 2.8% vs. the last ten days.

Country Statistics of Ferrosilicon Imports in April 2019 (Ferrosilicon ≤ 55%)

Country Statistics of Ferrosilicon Imports in April 2019 (Ferrosilicon > 55%)

Country Statistics of Ferrosilicon Imports from South Korea in April 2019 (Ferrosilicon > 55%)