MYSTEEL: China's Apr FeSi output at 2.5-y low, market outlook positive

Source: Mysteel May 08, 2024 15:10

China's ferrosilicon (FeSi) market saw a new low in supply in April, while an optimistic sentiment started to pervade the market by the end of last month, seeing its prices tick up after a six-month decline, Mysteel Global observed.

In April, FeSi production among the 136 Chinese smelters under Mysteel's monthly survey slipped by 41,507 tonnes or 9.7% on month to touch a two-and-half-year low of 384,458 tonnes. The surveyed smelters' output accounts for 95% of the country's total. Among China's five major FeSi production bases (Inner Mongolia, Qinghai, Ningxia, Shaanxi, Gansu), Northwest China's Shaanxi province posted the sharpest on-month fall