Ferrosilicon up; ferromanganese may follow
Feb 01, 2013 | 04:17 PM
| Daniel Fitzgerald
Tags
ferroalloys,
ferromanganese,
ferrosilicon,
ferrochrome,
ferroalloys prices,
Daniel Fitzgerald
NEW YORK — Ferrosilicon prices have risen as producers chase higher quotes amid reports of tight supply, with ferromanganese tags tipped to rise as traders look to rebuild stocks.
Ferrosilicon has risen to 92 to 95 cents per pound from 90 to 92 cents, with one source describing the market as "a producer ballgame."
"The Russians are trying to sell under the Chinese. ... The Chinese (are) going for 93 to 94 (cents); even Egyptian ferrosilicon is going for 94 (cents). So there seems to be a move up," one trader said.....
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