Export market for
Ferro Alloys should revive by the month end as European buyers will be back to
the market, say market players.
India: “Market should pick up gradually by the month end as some manufacturing units
in Europe are expected to start procuring by another 10-15 days”, said a top
official from a major manufacturing company in India.
Europe: European traders also believe that prices should
improve in the coming weeks as supply is limited. “Supply of silico manganese in
Rotterdam is tight and we are expecting
to see prices rising by late August or early September when end users return to
market for large volume procurement,†remarked a Ferro Alloys trader.
China: Ferro
alloys market is China is still dull and demand remains weak. Market
participants show no confidence towards the future market and most of the manufacturers
are planning to reduce output or stop production in the near future.
US: Activity
in the US market also remained slow with very few deals heard being concluded. No
body wants to build an inventory amid cautious market sentiments & the
market is projected to move at a slow pace throughout August.
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