*** Global markets in nervous mood
*** Ferro Alloys weighed down against steel slump
*** US ferro-molybdenum price dips again on slack demand
*** US ferro-silicon market resists China offers
*** Ukrainian silicon metal market quiet
*** Russian aluminum alloy ingot AK5M2 export price decreases
*** Ukrainian aluminum alloy ingot AK5M2 prices stable
*** No change seen in idle US FeMn market
*** Shanghai Sigma's secondary aluminum alloy ingot operating rate down to 40% in August
*** Chinese FeSi Spot Market Kept Falling amid Sluggish Demand
*** China minor metals – bismuth picks up, other metals in deadlock
*** Chinese ferro-silicon price drops on slack activity and oversupply
*** Market participants hold a negative attitude toward the tin market
*** Chinese selenium metal price decreases
*** Export not Resumed at Tianjin Port and Casi Producers Waits
Shanxi Yicheng Feixiang Casting Co., Ltd. stays in full operation but faces increasing sales inventory as the downstream market demand seems weakening further though August is almost over. handong
Weihai Xinshan Metallurgical Co., Ltd. remains in partial operation with only one furnace running.
The Company has no iron inventory but dares not enlarge production.
In late August, price of ferrosilicon in China kept downtrend due to sufficient supply and weakened demand. Ex-work price of ferrosilicon 75# lingered about RMB4,950-5,050/mt while RMB4,700-
4,800/mt for 72#. In fact, reducing demand aggravated ferrosilicon producers’ worry on future performance. What’s more, HBIS put September enquiry on ferrosilicon lower by RMB200/mt to
RMB5,100/mt.
As of export market, price of ferrosilicon 75# dropped to USD1,150-1,180/mt fob while USD1,120-
Compiled by: IIF-Foundry Informatics Centre, New Delhi

1,150/mt for 72#. In terms of international market, price of ferrosilicon 75# remained at Euro1,130-
1,180/mt in Europe, while price of ferrosilicon 75# was maintained at¢83-85/lb in America. In general, it is predicted that ferrosilicon would be likely to keep on track to low point in September amid flat demand.
Terming the fall in India's export growth as "disturbing", Vice President Hamid Ansari on Thursday said the domestic manufacturing sector needs to become more competitive to take the country back on a higher export growth trajectory.
"Five years ago India's export story looked strong and convincing. Merchandise exports grew at a healthy annual average growth rate of 22 percent in the five years preceding the crisis. "After a small blip in 2010, exports smartly recovered and grew at 30 percent in the next two years post the crisis.
However, since 2013, India's export growth has stalled," Ansari said addressing the 194th annual general meeting of the Calcutta Chamber of Commerce.
He noted export growth rate fell to about 1.2 percent in 2013 and 2014, and this trend has continued in 2015 with exports growing at an average rate of 2.2 percent year to date. "This fall in exports growth is disturbing," he said. "To get back on a higher export growth trajectory, we in India would need to improve manufacturing competitiveness."
He said India now exports fewer price-sensitive items such as textiles, leather, etc. and more income-sensitive items such as chemicals, engineering goods and petroleum products, making its export basket more income-elastic. Refering to UNIDO's CIP (Competitiveness of Industrial
Production) that measures the ability of countries to produce and export manufactured goods competitively, Ansari said while India's CIP score has improved from 0.04 in 2000 to 0.07 in 2010,
China's rating has jumped from 0.16 in 2000 to 0.33 in 2010.
"Similarly, while India has managed to increase its share in world manufacturing value added from
1.1 percent in 2000 to 2.0 percent in 2010, China more than doubled its share from 6.7 percent to
15.0 percent over the same period." He said the Make in India campaign launched by the central government has the vision and the faith in India's ability to achieve the goal of becoming a manufacturing export hub.
"However, this is just the beginning and more concrete steps need to be taken to achieve the desired objective. Emphasis on the manufacturing sector, especially small and medium enterprises
(SMEs) will be critical to India's export growth. "SMEs account for 40 percent of India's manufacturing exports and 45 percent of manufacturing output, but lack of access to credit, poor technology and difficulties in hiring skilled labour are thwarting their growth," he added.
Compiled by: IIF-Foundry Informatics Centre, New Delhi

In a huge relief to AP and Hero MotoCorp, the Hyderabad High Court has vacated a stay on the construction work and even allowed India's largest two-wheeler maker to erect a wall around the
600 acres it was allotted.Last September, the AP government successfully wooed Hero MotoCorp to invest Rs 2,200 crore and set up the company's largest plant in south India in Chittoor district, beating Telangana, Tamil Nadu and Karnataka, the other bidders.
Dealing with an appeal filed by the state, the division bench comprising acting Chief Justice Dilip B
Bhosale and Justice S V Bhatt passed the order paving way for the construction work, while referring the matter back to a single judge who had earlier heard the case. One Kishanlal of M/s Ishwariya
Orchards and Plantations, claiming ownership of 600 acres, had brought to the notice of the court that the land, along with 200 more acres, was already embroiled in a legal battle.
He claimed that a civil court had already decreed 197 acres in his favour that was not challenged by the state. The state in its appeal stated that the district collector has challenged those orders and maintained that it was government land. The CJ bench requested the single judge to decide within eight weeks. It also made it clear that the state has to pay compensation to Ishwariya Orchards, even if they succeed in the litigation.
Compiled by: IIF-Foundry Informatics Centre, New Delhi