With many alloy prices near record highs, conversation at this year’s International Ferro-alloys conference in Prague over November 14-16 will focus on the surge in electricity prices in China and Europe, the challenge of freight and logistics, the rise in the decarbonization agenda, and the ongoing issues surrounding Covid-19.
Electricity crunch in China
China, the world’s largest ferro-alloy producer, had grappled with a persistent power crunch amid a coal shortage and its own strict limits on energy consumption throughout the first three quarters of this year.
Lingering power cuts have halted or lowered ferro-alloy production in the country’s main producing regions of Inner Mongolia, Ningxia and Guangxi, which fueled dramatic price rallies in a number of markets, including high-carbon ferro-chrome, ferro-silicon, and silico-manganese.
Fastmarkets’ weekly price assessment of ferro-silicon 75% Si min, in-whs China, hit 22,000-23,000 yuan ($3,448-3,605) per tonne on September 29, up by 216.9% from...
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