Industry News

Ferrovanadium prices rise during European holidays, while ferromolybdenum prices remain relatively stable Despite reduced demand, logistics difficulties have stimulated ferrovanadium sellers to increase prices, while the ferromolybdenum product market is more stable.The New Year holiday is traditionally t...
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Japan Market: Ferroalloy imports show different trends in November 2023 According to survey data from Hainan West Asia Group，Japan Ferroalloy imports show different trends in November 20231.In November 2023, imports of ferrosilicon increased by 22% month-on-month-In Novem...
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Chrome ore inventories at Chinese ports surge in two months Since 2021, due to the increase in China's ferrochrome production, the relationship between chromium ore supply and demand has been misaligned. China's chromium ore supply has continued to be...
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Germany's last remaining silicon metal producer faces bankruptcy threat Germany's only remaining silicon metal producer, Rottwerk (RW Silicium GmbH), is facing the threat of closing the plant at the end of March 2024. Heinz Schimmelbusch, head of the company's par...
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ELECTROLYTIC MANGANESE CHIPS MARKET WEEKLY REPORT The pace of factory resumption is slow, and firm quotations drive the supply and demand balance in the electrolytic manganese market, with transactions continuing to be stagnant. The pre-holiday stock...
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Ring In The New Year As this year wraps up, our thoughts turn gratefully to our employees,customers, and partners who make our success possible. Thank your support and trust for our company & our products in this unusual...
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Red Sea all bookings suspended! The freight rate has increased six times! Multiple shipping companies announce price increases! As the situation in the Red Sea continues to deteriorate, following the announcement by four major shipping giants, MSC, Maersk, CMA-CGM, and Hapag-Lloyd, that all their ships will be suspended from s...
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The EU imposes sanctions on Russian ferroalloy imports The EU has banned the import of Russian ferroalloys. The European Commission has passed the twelfth sanction against Russia, which includes a ban on the import of various steel production raw material...
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China's silicon metal price remains high in the short term Entering December, China's silicon metal market is supported by manufacturers' production cuts. For example, the current mainstream price of China's silicon metal 3-3-03 has risen by 200 y...
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China's molybdenum market continues stable ore and iron prices rise On December 14, China's molybdenum market continued to see stable ore and iron prices rise. Large-scale molybdenum mines exchanged price for volume, and the raw material market saw significant vol...
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China's import volume of Ferro Silicon Si 55% experienced a significant increase rising by 110.81% in Oct 2023 In October 2023, the top three import sources of Ferro Silicon (Si>55%) for China were North Korea, Russia, and Norway.The quantity of silicon iron (Si>55%) imported by China from its top three import...
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Magnesium market transaction needs to be followed up On November 30 (Thursday), it was learned from Hainan West Asia Group that the ex-factory cash transaction price of 99.9% magnesium ingots in Fugu area was 2909.40~2923.52USD/ton.This week, the market...
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Winter shutdown of Ukrainian ferroalloy factories may affect global supply According to the investigation of Hainan West Asia Group,Ukraine's ferroalloy production ceased operations in early November 2023. PGOK and MGOK both stopped mining and processing manganese ore in...
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Indian manganese alloy supplier returns to the market after the Lantern Festival Last week, due to Diwali celebrations, there were no commercial activities in the Indian manganese alloy market. The price has not changed significantly, but the demand is still unsatisfactory.The exp...
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Manganese alloy prices in India continue to decline due to weak demand Faced with sluggish buyer activity in all sales venues, Indian suppliers are forced to continue making concessions.The quotation of Indian silicon manganese (65% Mn; 16% Si) decreased by an average of...
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The weak procurement activity in the EU molybdenum product sector continues to affect prices. After the price increase last week, the price of ferromolybdenum (60-70% Mo) once again dropped to $47.3-48/kg Mo FCA Rotterdam, while the price at the end of last week was $48.5-49/kg Mo FCA. However...
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Japan: Ferrosilicon imports decreased by 19% year-on-year in September 2023 According to a survey by Hainan West Asia Group, in September 2023, Japan's imports of ferrosilicon decreased by 19% year-on-year to 273150 tons, compared to 337068 tons in September 2022.China (74947...
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CBAM leads to confusion among EU ferroalloy suppliers Carbon Border Regulation Mechanism (CBAM), also known as "carbon tariffs" or "carbon border regulation taxes", refers to countries or regions that strictly implement carbon reduction policies that req...
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Ferrosilicon Market Trends 2023 The ferrosilicon market is experiencing notable growth in 2023, driven by rising demand from the steel and automotive industries. Increased infrastructure projects and construction activities globally...
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Ukraine: Ferroalloy exports decreased by 45% month-on-month in August In August 2023, Ukraine's ferroalloy exports slightly decreased. This month, compared to July, their ferroalloy exports decreased by 45% month-on-month to 12990 tons in August 2023.Compared to August...
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