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China's ferrosilicon price slips on growing output

ABSTRACT

China's price of 75% grade FeSi assessed by Mysteel had declined for the sixth consecutive week as of November 12, dropping by another Yuan 1,620/tonne ($254/t) on week to Yuan 9,402/t and including the 13% VAT. The uptick in output and tepid demand had dampened FeSi prices, market sources said.
Last week, the FeSi market began showing signs of strengthening from around November 10, as most smelters firmed their offering prices because of rising power charges and narrowing profit margins, a Shanghai-based source said.   Daily FeSi output among the 136 smelters nationwide which Mysteel tracks increased for the fourth week, climbing

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