China's iron silicon price decline is limited

Hainan West Asia Group said that recently China's ferrosilicon prices have been frequently adjusted, and the market price of ferrosilicon has a downward trend before press release. Our current FOB Tianjin Port prices are as follows.

FeSi 72%

Size 10-50mm --- 1240 USD/MT

Size 50-100mm --- 1235 USD/MT

FeSi 75%

Size 10-50mm --- 1285 USD/MT

Size 50-100mm --- 1280 USD/MT

According to the analysis of Hainan West Asia Group, due to the price reduction, the current volume of China's ferrosilicon inquiries has increased than usual. However, due to the current shortage of ferrosilicon inventory and the increase in orders, the price of ferrosilicon will not fall significantly for some time.

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