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S&P Global Platts assessed the Chinese 75% Si ferrosilicon price at $1,340-$1,360/mt FOB
China Thursday, up from $1,310-$1,340/mt a week earlier, as spot export demand picked up.
Rising Chinese domestic demand and prices also added support to the export market this
week, sources said.
Producer and trader offers stood at $1,350-$1,370/mt FOB on Thursday, with tradable levels
mostly indicated at $1,350/mt.
A Ningxia producer said he sold at $1,340/mt FOB China on Thursday, for 300 mt, mid-
November cargo, to be delivered to Busan, South Korea.
"We offered at $1,350/mt and closed at $1,340/mt. We still have supply available and are still
quoting $1,350/mt for now," the producer said.
An Asian producer said Thursday he was in talks to sell at $1,360/mt CIF Taiwan basis, and
put FOB China prices at around $1,350/mt.
Three other Chinese producers and trader also indicated current tradable spot price at
around $1,350/mt on Thursday.
Domestic Chinese ferrosilicon prices were heard mostly at Yuan 6,700/mt ($1,011) ex-works
basis on Thursday, up from around Yuan 6,300-6,400/mt last week, sources said.
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