GLOBAL FERRO-SILICON WRAP: Chinese market garners futures support; European market falls almost 6%

摘要

Ferro-silicon prices in China were stable in the week ended Friday June 21, extending a steady run in the market for a fifth consecutive week against firm Chinese futures prices and relatively limited availability in the physical market. In Europe, the market has fallen due to weak spot demand and an increasing number of quarterly deals done below €1,000 ($1,139) per tonne, which has dragged down agreed prices for prompt business. ? China extends steady trend ? European market falls about 6%, further losses seen ? US prices flat in inactive spot market