As of mid-July，the Indonesian policy was still firm and the market generally expected that the election would not change the present condition. As the Philippines could not make up the gap, it was predicted that the high Ni ores supply would be tight in

Chinese calcium silicon market maintained silent in the second ten-day of July with no improvement for transactions and capability utilization rate at a higher level of 70%.

Exports of Norway FeSi Markedly Increased in June 2014

South Korea Imports of FeSi Markedly Rose Year-on-Year in June 2014

As magnesium producers of top production region-Fugun and Shenmu counties of Shaanxi province were seen with gradual summer maintenance over their facilities. Shanxi and Ningxia producers had kept normal operation

This week ferrosilicon prices almost unchanged in main production regions in China and producers held comparably steady offers. Shagang Group and a number of other large steel mills made known their purchase prices of FeSi for July delivery

Si metal of low grades was seen with slight declining prices in early July 2014 in China, but Si metal of high grades enjoyed firm prices. Producers kept normal production and tight supply situation got improved.

This week the prices of spot chrome ore kept stable as follows chrome ore from South Africa with Cr 40-42% at RMB29.5-31.5/mtu while Cr 44% at RMB31.5-32.5/mtu