Ferrosilicon Daily Express 8.29

  • Thursday, August 29, 2019
  • Source:Ferro-Alloys.com

  • Keywords:ferrosilicon, futures, spot
[Fellow]China's domestic ferro-silicon price drops on weak demand.

[Ferro-Alloys.comThe Chinese ferro-silicon price continued to trend lower over the past week amid persistently weak domestic demand, while prices in Europe and the United States were steady in inactive spot markets.

China's domestic ferro-silicon price drops on weak demand, adequate supply Export price in China steady but vulnerable EU prices steady in quiet market US price flat due to inactivity Chinese ferro-silicon price trends lower on weak demand, adequate supply.

Physical iron ore prices changed only slightly on Wednesday August 28, while market participants continued to wait for further news about production restrictions in China.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 156.7 million tonnes (Mt) in July 2019, a 1.7% increase compared to July 2018.

China’s crude steel production for July 2019 was 85.2 Mt, an increase of 5.0% compared to July 2018. India produced 9.2 Mt of crude steel in July 2019, an increase of 1.7% compared to July 2018. Japan produced 8.4 Mt of crude steel in July 2019, down 0.4% on July 2018. South Korea’s crude steel production was 6.0 Mt in July 2019, a decrease of 2.1% on July 2018.

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  • [Editor:kangmingfei]

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