China's ferro-silicon market was split between a weakening export price and a steady domestic price last week, with exporters battling soft demand and supplier competition while production cuts supported domestic rates.
In Europe, prices have consolidated recent price gains, although the recent rally looks short-lived because export offers into Europe have appeared from Kazakhstan. There are no anti-dumping duties on Kazakhstan exports into the European Union, only a standard 3% import tax. Chinese export price drops on demand, competition Chinese output cuts underpin domestic prices European market maintains gains, but fresh offers cap stronger run US prices hold amid muted spot activityWeak demand drags Chinese exports, domestic steadyDomestic and export ferro-silicon prices in China diverged over the past week, with persistently weak demand and tough international competition dragging down offer prices from China.Chinese export ferro-silicon prices have dropped amid persistently weak demand and against aggressive offer prices from other suppliers in Asia. Those two factors have knocked consumer appetite for Chinese ferro-alloys, which are more expensive than other material in the international market.Fastmarkets' price assessment for ferro-silicon 75% Si min export,...