Smuggled Chinese ferrosilicon finds new route to Taiwan as Vietnam channels dry up

摘要

An analysis of Taiwanese customs datashows a doubling in ferrosilicon exports fromApril to July compared with a year earlier, yetTaiwan has no ferrosilicon production of itsown. While the country may not be aproducer, it does have warehouses forstorage and re-exports, sources said. Taiwanimposes no duty on ferrosilicon exports.A Taiwanese buyer pointed out thatferrosilicon prices have been rising in thepast week, attributing the rally to “difficultiesin the channels from China.”