FeSi market began to be stable after May Day. With FeSi bidding ended through May, bidding price of FeSi 75# was RMB6,550-6,600/mt(acceptance factory price include taxes) and 72# was RMB6,400-6,450/mt(acceptance factory price include taxes). According to most producers, FeSi condition trended to be stable and there were few inventories in warehouses.
Demand from downstream industries was the key to decide whether FeSi price would increase or not in future. With summer approaching, steel plants would examine machines and reduce output. Then upstream raw materials include FeSi products might suffer losses to improve.