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Reduction and Halted Operation Spread to all Four Main Production Regions in China(December15th-December19th)

Chinese Mg Consumers Slightly Raised Offers in China (December8th–December12th)

Excessive supply and steel mills’ large reduction of ferrosilicon bidding prices made it difficult for market prices of ferrosilicon to rise in China. More Ningxia-based and Qinghai-based producers planned to reduce production. The main stream ex-work tax-inc...

Chinese Mg Consumers and Dealers Showed Strong Purchasing Intentions in China (December1st–December5th)

Great Losses Caused More FeSi Producers to Reduce or Halt Operation in China (December1st-December5th)

This week magnesium ingot prices kept declining in China. Ningxia-based producers kept normal operation, leaving few stocks.

Till the end of this week, December bids of ferrosilicon appeared. Although some ferrosilicon producers had reduced operation rate due to slashed purchase prices and volumes of the steel mills, the market prices kept declining in China..

[Ferro-Alloys.com]Last Thursday, both TISCO and Tsingshan Group released their purchasing prices of high-carbon Ferrochrome for December, increasing by RMB50/50MT and RMB100/50MT respectively. Each of the companies will purchase 60k tonnes of high carbon Ferr...