CBC: Chinese ferro silicon prices remained unchanged post Chinese New Year holidays.
Grade 72% silicon: Prices stood firm at RMB 5,980-6,170/tonne (t) ($818-844/t) ex-factory, inclusive of taxes.
Grade 75% silicon: Prices were at RMB 6,260-6,450/t ($856-882/t), unchanged.
Market updates
Stable market conditions post-Spring Festival: Following the recent Spring Festival, the ferro silicon market maintained a stable price trend, with no fluctuations observed. The price reduction pressure has notably weakened, and market sentiment has become more divided regarding future price directions.
Despite this, production and sales figures within the ferro silicon industry have remained largely unchanged, and some supply-side factories resumed operations after the holiday.
Limited future price movement and fluctuations: The ferro silicon futures market experienced some fluctuations post-Spring Festival. However, the spot prices remained relatively steady. Despite the fluctuations in futures, the overall market sentiment remains cautiously stable, with limited adjustments in inventory levels across the industry.
ZCE futures edges up: On 12 January, prices on the Zhengzhou Commodity Exchange (ZCE) for May 2025 delivery edged up by RMB 96/t ($13/t) w-o-w to RMB 6,438 ($881/t) from RMB 6,342/t ($868/t) before holidays.
Outlook
In the short term, the ferro silicon market is expected to remain stable with limited price adjustments. In the long term, gradual demand growth may drive slight improvements in supply-demand dynamics.
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