[Ferro-alloys.com] Due to the gloomy market demands, the price of ferrosilicon in Ningxia kept dropping. And the domestic mainstream price of 75# is around RMB 4,700-4,800/mt.

As the bidding price of ferrosilicon continued falling, the ferrosilicon market is surrounded by the depressing atmosphere. Some small and medium-sized enterprises has decreased or halted production. It is reported that some manufacturer said that the situation of ferrosilicon market was getting worse and worse. And the enterprises are losing money. While the big ferrosilicon producers are in a relatively better situation because of stable and constant clients so that they can maintain sustained production.

Overall, plants show a weak interest in production and most plants are losing money and they are more willing to decrease or halt production. If the ferrosilicon producers want a healthy and sustainable development, they must first solve the problems of demand and supply and stick to stable price. Only in so doing can they win this battle against the depression.

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• [Editor:Chen Lian Hai]