The price of ferro silicon fells in the United States

Due to the increase in supply, the mainstream transaction price of iron silicon 75%min in the U.S. market is down about $0.02 / lb compared with the previous week to $0.68- $0.72 / lb payment days in Pittsburgh warehouse 30 days, and the spot market transaction is slow. Industry insiders expect U.S. ferrosilicon prices to continue to slide in the coming week, given ample supply.

"The current 75%min price of ferrosilicon is 0.71 usd/lb silicon Pittsburgh, which is stable compared with the beginning of last week. Due to slow enquiries, we can accept a counter-offer of 0.02 usd/lb silicon this week, which is 0.02 usd/lb lower than last week's price," said a trader on the east coast of the us on Friday. "A customer wants to purchase 100 tons of earlier this week, and change the price $0.63 / lb silicon, inclusive of delivery charges, of about $0.02 / lb silicon, I didn't order, the lowest price is $0.71 / lb in silicon," the trader added, and said the last time to clinch a deal is sold at $0.72 / lb silicon a week ago, 200 tons, inclusive of delivery charges, of about $0.02 / lb, silicon ferrosilicon from Norway this week due to the American market supply increases, declining inquiries about one 5, thus reduce small price. Given the ample supply, he expects the 75%min price in the U.S. market to continue to slide to around $0.66 / lb in the next week. The trader's regular monthly trade volume is 300 tons, the sales volume in October is 300 tons, the sales volume in November is expected to be stable, and the current inventory is about 200 tons.

Another east coast trader claimed that the current 75%min quotation of ferrosilicon was $0.70 / lb payment days 30 days in Pittsburgh. Last weekend, 60 tons were sold at $0.71 / lb of silicon, including freight of about $0.03 / lb of silicon, down $0.02 / lb from a week ago.

"I last traded 100 tonnes of silicon at $0.72 / lb early last week, with roughly the same shipping costs," the trader said on Friday, adding that most of his clients were on the sidelines of the downward trend due to increased supplies of ferrosilicon from northern Europe, with volume last week halving from two weeks ago. Given the increased supply, he expects the 75%min price of ferrosilicon in the U.S. market to fall further in the coming week to around $0.65 / lb of silicon Pittsburgh.

The trader's regular monthly trade volume is 300 tons, and the sales volume in October is 300 tons. Due to the decrease in enquiries, the sales volume in November is expected to be 200 tons, and the current inventory is about 100 tons.