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China’s FeSi prices weaken with negative sentiment

Chinese ferrosilicon prices resumed tacking downward from mid-July as domestic market sentiment turned negative, with the price of 75% grade FeSi reaching Yuan 5,529/tonne ($789/t) including the 13% VAT as of July 29, lower by Yuan 120/t from the recent high recorded on July 10, according to Mysteel’s data.
Market participants were not very confident about the domestic FeSi market in the coming term, as “the supply (of the ferroalloy) in the spot market may grow with the recovery in production, despite that demand from steelmakers is likely to remain firm given the still high level of steel output,” a market watcher in

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