The ferrosilicon market broke through another price barrier this week with export prices of ferrosilicon 75% now being quoted at USD2,300/MT FOB for 1,000MT delivered in June. Meanwhile the domestic ex-work price of ferrosilicon 75% in the Chinese market has been around RMB10,600-10,700/MT.
Traders appear willing to accept high prices with current supply being tight. Some traders have even closed deals at RMB11,000/MT at Tianjin port.
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