Support Factors Lacked for FeSi Market Prices in China

Mg Prices Continued to be Flat after National Day Holiday in China

The end of National Day Holiday meant the majority of early October was nearly over. HBIS and Shagang Group had released flat purchase prices of ferrosilicon for October delivery.

In late September some magnesium ingot sold products at lower prices, with financial difficulties confronting them. The lowest quotation for non-pickling Mg ingot 99.90% reached RMB14,350/mt and highest one was RMB14,450/mt, ex-work tax-inclusive price in cash...

In mid and late September, steel mills including HBIS and Shagang Group launched bids for ferrosilicon for October delivery in China. In terms of purchase volumes, flatness or slight decrease was the basic tone. Ferrosilicon producers kept normal operation in ...

Yulin media reported output of Fugu magnesium reached 212.7 thousand tons in the period of January to August 2014, up 17.7% from the same period of 2013.

In mid September, ferrosilicon producers had normal operation in China, with some furnaces newly into operation in China’s Ningxia Hui region. Most producers said they had few or none spot materials, except that a small number of larger enterprises had some s...

After the mid-autumn festival, magnesium ingot prices kept comparatively stable in China. Mainstream Shaanxi Mg99.90% price stayed at RMB14,450-14,500/mt(USD2,356-2,365/mt), non-pickling ex-work tax-inclusive price in cash, the same as last week.