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PrintIn China, domestic ferrosilicon market was showing a sign of turnaround in late October. There was reportedly a small rebound in the price by RMB100 - 150/ton, reflecting the tightened supplies from curtailments. With the slight upward trend, Chinese offers to Japan were a bit raised but buyers basically did not care and actual deals were done at even lower levels than before on thin spot demand. As to Russian materials, some offers were taken at a little higher level than for the Chinese origin.
Quotations for Imported FeSi in Japan on October 31
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Item
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Export Quotes (US$ CIF Japan)
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Local Quotes（Yen, Delivered）
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Shipments
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Contract Levels (US$ CIF Japan)
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FeSi 75#
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Spot Chinese $1,350-1,360
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123,902-124,790
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Nov.-Dec.
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Chinese $1,320-1,340
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Spot Others $1,330-1,350
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122,125-123,902
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Nov.-Dec.
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$1,330-1,340
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