Ferroalloy spot trading has largely ground to a halt, with
market participants now waiting for fourth-quarter orders to
begin flowing in after the Labor Day holiday at the beginning
pricing assessments are unchanged, with high-carbon ferrochrome
holding steady at 94 cents to $1 per pound and ferrosilicon
continuing to trade at 88 to 90 cents per pound.
"There are no big
changes. Whatever sales were making, were doing it
at very small quantities," one trader said.
"Shipments are still
good on contracts, but the spot thing is as quiet as a mute
mouse," a second trader said.
Several traders cited
the Labor Day holiday Sept. 2 as a potential turning point in
demand, with some consumers expected to re-enter the market
looking for fourth-quarter deliveries.
market also is awaiting the outcome of an anti-dumping petition
filed against imports from Russia and Venezuela (
amm.com, Aug. 9).
which recently steadied after dropping throughout the second
half of July (
amm.com, Aug. 2), also are expected to be largely
stable this month.
"Trade speculation is
that we could see movements back up soon, but our perspective
is theres no dynamic to suggest prices will rise or
fall," one producer source said.