Market Prices of FeSi of Various Brands Declined Further in China in January 2015

In quarter4 of 2014, the demand of non-ferrous metal industry in China was still weak and so as to the price. From Jan. of 2015, China started implementing the new environmental laws, which would impact the FeNi, Lead and zinc smelting and copper smelting much...

On Jan.29th, the Baltic Dry Index (BDI) declined by 5% to 632point, recording the new low since 1986. In addition to the excess capacity, unstable demand and the dropping fuel costs, the shrinking demand of China was considered to be the main driving force.

According to the statistics of Japan Customs, Japan’s ferromanganese import volume was 13829 mt in Dec, 2014 and was totally 134,475 mt in the whole year 2014, up by 3.9% Y-O-Y. The imports by counties were as follows

According to the statistics of Japan Customs, Japan’s ferroalloy export volume was 24,454 mt in Dec, 2014, more than 2 times than that in Nov, and down by 32.4% Y-O-Y. The total export the whole year of 2014 was 231,475 mt, slightly down by 3.6% Y-O-Y.

[Ferro-Alloys.com]MERAFE Resources’ full-year ferrochrome production volumes for 2014 were 5 percent higher than the previous year.

[Ferro-Alloys.com]Chinese FeMo transacted at RMB80,000-81,000/mt (USD13,114-13,278/mt, export duty excluded) by acceptance. In early month, steel mills purchased small volumes, and delayed payment, so FeMo suppliers held pessimistic attitude.

[Ferro-Alloys.com]Overseas moly oxide price slipped to USD8.7-8.8/lbMo amid soft demand.