Affected by the slowdown in demand and lower prices from other international suppliers, the current mainstream export price of Malaysian ferrosilicon 75% min 10-50mm has fallen by about US$50/ton to US$1,400-1,450/ton from the beginning of last week Asia Landed. In view of the tight spot supply and the slowdown in demand, industry insiders believe that the price of Malaysian ferrosilicon 75%min 10-50mm will remain stable next week.
A Malaysian manufacturer revealed that he sold 200 tons of ferrosilicon 75% min 10-50mm at a price of US$1,440/ton CIF in Japan last weekend for delivery in early March, but he could not accept less than US$1,480/Ton CIF price in Japan a week ago. The manufacturer revealed on Friday: “Because the price our Asian customers received from Chinese suppliers this week has dropped by US$30/ton from last week, our price has dropped slightly. He mentioned that he is unwilling to reduce it further. The price, because they will not be able to have spot supply until the end of March, his price will stabilize at the current level next week.
They will not be able to have spot supply until the end of March, and his price will stabilize at the current level next week.
The producer has an annual production capacity of 250,000 tons of ferrosilicon. Last month’s output was about 12,000 tons. The output is expected to be flat in January and there is currently no inventory. The manufacturer has a total of 10X 25,500KVA furnaces. Due to labor shortages, only 6 furnaces are in operation.
Another Malaysian manufacturer revealed that he sold 100 tons of ferrosilicon 75% min 10-50mm at a price of US$1,450/ton East Asia at the end of March, but he could not accept less than US$1,500/ton CIF price East Asia at the beginning of last week.
As the price of semi-coke is still at a high level, coupled with the impact of the epidemic, ocean freight is generally higher than the same period in previous years. International semi-coke buyers are on the sidelines, and there are few semi-coke orders.