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Weekly Ferrosilicon Market Summary 2 6 Jan
Weekly Ferrosilicon Market Summary 2 6 Jan
1.Market Highlights
3.1.1 Chinese ferrosilicon 72%min EXW China Fugu 72%min 8,000-8,200 -100 EXW D/P
Chinese domestic ferrosilicon 72%min prices trend from
2022-12-12 to 2023-1-6 (RMB/t EXW D/P) 3.2 Export Market Movements
Discouraged by the few deals in the spot market in the first week
after holiday, the mainstream prices of ferrosilicon 75%min 10-
50mm in Europe this week stand still at EUR1,800-1,900/t
(USD1,847-1,949/t) in warehouse Rotterdam T/T 30 days, un-
changed from early last week.
3.3.4 Russian ferrosilicon 65%min in warehouse On January 3, the People's Government of Henan Province is-
sued the Notice on Policies and Measures to Boost Market Con-
Russian ferrosilicon 65%min prices trend from
fidence and Promote Economic Stability. The document pointed
2022-12-12 to 2023-1-6 (Rub/kg in Warehouse Russia)
out that Henan should promote the high-end development of ad-
vanced basic materials, focus on expanding the scale of renew-
able metal production, speed up the large-scale transformation
of iron and steel enterprises, establish provincial steel groups
and new material investment groups, promote the construction
of the Kaifeng era new energy all vanadium liquid flow battery
base, and support the merger and reorganization of large back-
bone cement enterprises.