ChangXing Ferroalloy Resources Co., Ltd

1. Ferrosilicon export prices at Chinese ports on November 8
FeSi75-B (72#) export price FOB Tianjin Port 1160-1190 USD/ton
FeSi75-A (75#) export price FOB Tianjin Port 1260-1290 USD/ton

2. India's silicomanganese export quotations fell week-on-week
On November 4, 2024, the FOB price of silicomanganese 6014 fell by $10/ton week-on-week to $822/ton, and the FOB price of silicomanganese 6516 fell by $23/ton week-on-week to $900/ton. Market inquiries were generally low, and major producers in Raipur and Vizag kept the FOB price of silicomanganese 6516 in the range of $915-925/ton.

3. Pohang, South Korea, announces electrolytic manganese bidding price from November to December
Posco, South Korea, announced the bidding price for electrolytic manganese from November to December 2024. CFR Gwangyang/Busan is priced at US$1,750/ton. The bidding quantity has not been disclosed, but it is said that regular purchases are made.

4. Indonesia plans to impose a new export ban on 12 mineral resources including cobalt, coal, copper, bauxite, silicon and 16 non-mineral commodities

5. The Federal Reserve announced a 25 basis point rate cut
On November 7, local time, the Federal Reserve announced that it would lower the target range of the federal funds rate by 25 basis points to a level between 4.5% and 4.75%.