European FeSi market to test new price highs

The European ferro-silicon market seems set to test the March 2018 price range of ?,?1,650-1,700 per tonne, with suppliers reporting several sales of standard-grade material for prompt delivery already done at ?,?1,620 per tonne.

One regular trading company said it is not offering any such material below ?,?1,600 ($1,916) per tonne, although the bulk of sources suggest a range between ?,?1,500-1,600 per tonne.
The European market should also receive further support from persistent bouts of short-covering while domestic ferro-silicon producers have already started selling material for third-quarter delivery, prompting short-covering from buyers that were keen to pay even more replacement costs when the months progress, trade sources said.

A move above ?,?1,600 per tonne this week would put the European market up by ?,?50 per tonne on the low end of Fastmarkets' assessment of ferro-silicon lumpy basis 75% Si (scale pro rata), delivered Europe at ?,?1,500-1,550 per tonne...

Bank of Japan boosts rates, continuing an unwinding carry trade

Gold stocks outperform equity market slide

Silver inventories rebound in UK, output from major producers rises

Silver's three-month outperformance continues

Silver & Copper Supply Distortions Continue