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Chinese EMM Market Went Downward (Mar.31st –Apr4th)

Cored Wire Market Was still Weak in China (Mar.31st –Apr4th)

Transaction of CaSi products was normal on spot market. Most orders were from old clients and the trading price was based on the mainstream quotation.

Tight supply of silicon metal products did not relieve last week. Considering the high power cost in dry season, some Si manufacturers had to delay the reworking plan in advance.

Mg price continued to be slightly fluctuating this week, with mainstream Shaanxi Mg99.90% price remaining RMB14,300-14,500/mt(USD2,300-2,333/mt), non-pickling ex-work tax-inclusive price in cash. While magnesium ingot of the same brand dropped by around RMB10...

[Ferro-Alloys.com] Chinese FeV price kept steady amid sluggish demand of steel mills. Reportedly, some mills pressed tender price of FeV owing to overhauling equipment and decreasing output. Steel mills indicated limited tender volumes, biding at RMB79,000/mt ...

Chinese FeMo price kept steady, and deals were strong. In late month, steel mills launched intensive tenders, biding at RMB92,000/mt (USD15,081/mt, export duty excluded) by acceptance. Mills pressed buying price of FeMo, but suppliers rejected to sell material...

Last week Shasteel, HBIS, TISCO and NISCO released their purchase prices or enquiry prices, all down RMB200-250/mt (USD32-40/mt) to delivered tax-inclusive price RMB5,900/mt(USD949/mt, export duty not included) by acceptance from March of 2014. Increased volum...