Decarbonization prompts ferrosilicon continuous surge in the background? Magnesium rises with it over $ 3000
05/15/2021 09:58
The rise in ferrosilicon was mentioned on the 12th, but fortuitously, the Chinese offer additionally has risen by $ 100 on the 12th to over $ 1,700 ( 75% min). Even ferrosilicon battle-hardened traders cannot hide their surprise at this amazing rise. Along with this, magnesium using ferrosilicon as an auxiliary raw material also exceeds $ 3,000/t. Looking at the correlation graph below, the rise in ferrosilicon and that of the magnesium market are in perfect synchronization.
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