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...

Market sees gold sector nearing full value overall after target upgrades

Gold stocks gain even as metal pulls back

Gold stocks rocket to new highs, valuations no longer inexpensive

Tariff issue caused by potential definition change of traded gold bars

US BLS head removed after revisions to employment data