Ferrosilicon spot prices have ticked up again after stalling
through much of September, although large-volume purchases at
higher numbers remain elusive.
Ferrosilicon moved up
to a range of 95 to 97 cents per pound from 94 to 96 cents
previously, with some traders reporting low-volume transactions
at between 98 cents and $1 per pound.
Some traders told
AMM they had offered higher numbers for a 200-ton
request for material, but without success.
"We havent quite
reached 98 cents for big tonnages, I guess," one trader said.
"Theres obviously still a lot of Russian and Venezuelan
stuff theyre trying to wean out, and some guys are still
worried about the anti-dumping case."
"We quoted at 97 cents
per pound and lost it. Some people say theyve got 98 to
99 cents per pound, but I havent seen it," a second
moved up rapidly in August following the start of an
anti-dumping investigation by the U.S. Commerce Department into
imports from Russia and Venezuela (
amm.com, Aug. 9).
The material, which
had been trading in a range of 88 to 90 cents per pound prior
to Commerces decision, shot up to a range of 94 to 96
cents per pound by the end of August (
amm.com, Aug. 30). However, prices did not move
any higher in September as buyers attempted to avoid purchasing
at what was perceived as the peak of the market (
amm.com, Sept. 13).