Ferrosilicon spot prices have continued to strengthen due to a
recently launched trade case against imports from Venezuela and
Russia and a dearth of material in traders hands.
price range widened to 96 cents to $1 per pound from 96 to 98
cents previously, with transactions for truckload quantities
reported at both ends of the range in the past week.
"I dont think
theres much around in merchant hands. China is certainly
not shipping a lot of material," a trader said.
One reseller said he
had not seen the higher end of the price range on recent
quotes, while others maintained that prices were well above
AMMs range, consistent with a wide spread of
prices reported in past weeks (
amm.com, Oct. 18).
Negotiations for 2014
supply contracts are starting to get under way, sources
"Many companies came
out for 2014 a few weeks ago. These discussions and
negotiations will extend into December," a second trader said,
adding that one question mark about the negotiations is how
willing producers affected by the anti-dumping case will be to
enter long-term supply contracts for next year, when decisions
in the trade case will be made.