Ferro Alloy Market Update

16/10/2024
Read: 84
Share:

Ferrosilicon – The ferro silicon market remains stable today. Futures prices opened high but subsequently experienced a slight decline, showing some fluctuations. There are differences in supply and demand pricing, leading to a cautious market where participants are waiting for clearer signals.

Magnesium Ingot – Magnesium prices in China continue to decline slightly. After experiencing fluctuations last week, the market has returned to levels seen before the price increases. Although some producers are reluctant to lower prices, downstream demand is mainly driven by essential needs, resulting in fewer orders. There is little expectation for a significant improvement in demand in the short term.

Metal Silicon – The metal silicon market shows no major changes. With the dry season approaching, some producers are considering raising prices, but securing high-priced orders remains challenging. The market is still at a stalemate, and actual transaction activity remains limited.

Electrolytic Manganese Flakes – Prices for electrolytic manganese Flakes have been steadily rising over the past month, with both Chinese and international prices increasing. Steel mills are also raising their bids, indicating recovering demand. However, the positive economic outlook appears to be weakening, leading to price fluctuations without a strong foundation for sustained increases. Transaction activity remains moderate.

Whatsapp: +86 17637210171
Tel: +86 18821346688
info@hnxyie.com