CHINA FERRO-SILICON SNAPSHOT: Alloy price rises sharply on strong domestic demand, raw materials shortfall

摘要

Key data from the Wednesday July 17 pricing session in Shanghai. - Demand improved due to low stock at magnesium smelters, a major consumer of 75% ferro-silicon in China. Meanwhile, the rebounding domestic magnesium price also helped to put upward pressure to ferro-silicon prices. Fastmarkets’ price assessment for magnesium 99%, exw China, yuan/tonne was up 0.5% week-on- week at 15,350-15,500 yuan per tonne on July 12, ending four consecutive weeks of decline.