ChangXing Ferroalloy Resources Co., Ltd

US:The probability that the Fed will keep interest rates unchanged in September is 85.5%

The probability of the Fed keeping interest rates unchanged in September is 85.5% CME "Fed Watch": The probability of the Fed maintaining interest rates at 5.25%-5.50% in September is 85.5%.

Mo:The international molybdenum price continues to show a rising trend

The international molybdenum price continues to show a rising trend. On August 7, 2023 (overnight), the international molybdenum oxide price of Platts Metals (MW, USA) rose to 24.2 (up 0.2)-24.9 (up 0.5) USD/lb molybdenum, and European ferromolybdenum prices It rose to 56.5 (up 0.9)-57.5 (up 1.5) US dollars per kilogram of molybdenum.said the measure did not address the most critical issue - high electricity prices, which slowed decarbonization and made European industry less competitive.

 Japan：The import price of 75% min of ferrosilicon in Japan remained flat

The mainstream import price of ferrosilicon 75%min in Japan is US$1,330-1,350/ton CIF Japan, up US$20/ton from late last week.

Korean:South Korean silicon metal procurement is slow

The mainstream import price of Korean silicon metal 4-4-1 is hovering at US$1,820-1,850/ton CIF Korea, and given the slow procurement in Korea, most customers are on vacation, and they have no purchase price this week and next week.

UK:Bank of England hikes interest rates

The Bank of England, the central bank of England, announced on August 3 that it would raise the benchmark interest rate from 5% to 5.25%. This is the 14th consecutive rate hike by the Bank of England since December 2021

Kyrgyzstan:Kyrgyzstan banned the export of steel scrap, ferrous scrap and ferrous ingots for remelting from the country

The Kyrgyz government has banned the export of steel scrap, ferrous scrap and ferrous ingots for remelting from the country for six months, according to a presidential decree, the Kyrgyz Cabinet Press Service reported. This was stated in the Cabinet Resolution of 4 August 2023. "The export (export) of ferrous metal scrap and scrap, ferrous metal ingots (furnace ingots) for remelting from Kyrgyzstan is temporarily prohibited by decree of the Government of Kyrgyzstan, classified under: EAEU TN VED code 7204, three days after the entry into force of this resolution introduce.