Ferro Alloy Market Update 12.16

Ferrosilicon: The price of ferrosilicon continues to show a weak and steady trend, and there is no obvious sign of fluctuation in the overall market.

Price for your reference :

FESI 72 FOB 1140-1170 USD/TON,

FESI 75 FOB 1200-1230USD/TON

Magnesium metal: The magnesium metal market is consolidating at a low level, and the market trend is gradually returning to calm, and both supply and demand sides are once again in a stalemate and game state. As the profit margin continues to be compressed, some magnesium production is in an upside-down and loss-making state, and there is basically no mentality of further discounting shipments

Price for your reference :

Mg ingot FOB 2260-2300USD/TON

Silicon metal: The price of silicon metal is weak and steady. The overall market is weak at the end of the year. Faced with the continued weakness of the demand side and the continuous decline of futures prices, the market quotations are relatively chaotic, and the downstream purchasing enthusiasm is relatively sluggish. The bearish sentiment on the silicon price in the future market still exists.

Price for your reference:

Silicon metal 553 FOB 1550-1580USD/TON

Silicon metal 441 FOB1600-1630USD/TON

Electrolytic manganese: Electrolytic manganese has continued to rise steadily and slightly, mainly driven by the continued rise in low-carbon ferromanganese prices, and the release of winter storage and stocking demand of steel mills at the end of the year, coupled with the upcoming new round of meetings of the Electrolytic Manganese Alliance, which has promoted the strong atmosphere of the market to support prices and look forward to price increases. Low-priced spot resources are relatively difficult to find, and the bidding prices of steel mills have all been raised.

Price for your reference:

Manganese Flakes 99.7% FOB 1750-1770 USD/TON