Nervous traders push ferrosilicon lower

Apr 15, 2011 | 03:56 PM | Thorsten Schier

Tags  ferrosilicon, China, Japan, earthquake, tsunami

NEW YORK — U.S. ferrosilicon prices have fallen as some traders are anticipating an oversupply of material due to smelter restarts in China and lower demand from Japan, market participants told AMM.

Prices have fallen to between $1 and $1.05 per pound from $1.04 to $1.07 previously as traders liquidate positions in anticipation of a further price drop due to excess supply.....

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