The international ferrosilicon market as a whole is in a sluggish situation. The price of ferrosilicon in Europe continues to fall, the American market is still in a stagnant state, and India's measures to close the country are extended.

The price in Europe is at 75 # 1070-1170 euros/ton this week, down 30 euros/ton from last week. Although the factory has tried to prop up the price in recent weeks, the price of the factory is still falling due to the decline of steel production, the general weakening of the end user market and the sluggish downstream demand.

The us ferrosilicon market is still in a state of stagnation this week, with the price remaining at 75 # 0.92-0.98 usd/lb. Due to the impact of the epidemic, the factory has been suspended and the market activity has been suspended. It is expected that the market will continue to be depressed in the short term.

In an effort to contain the spread of the virus, India's home ministry (MHA) announced on May 1 that it would extend the national lockdown for two weeks until May 18. In some areas, it has been postponed to May 30. This is the second time that the government has extended the lockdown.This week the Russian price was $75, 990 a tonne.The offer from Malaysia is usd 75 # 1000 / ton in June.

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