- Power restrictions weigh on production
- ZCE futures tick down by RMB 26/t ($4/t) w-o-w
CBC: Ferro silicon prices remained stable w-o-w, supported by tight raw material availability and firm demand from downstream industries. The cost support and supply-demand imbalances continued to support the market.
Grade 72% silicon: Prices tick down by RMB 15/t ($ 2/t) w-o-w to RMB 5,350-5,500/t ($748-769/t) ex-factory, inclusive of taxes.
Grade 75% silicon: Prices edged up by RMB 50 /t ($7/t ) w-o-w, reaching RMB 5,790-5,930/t ($809-829/t).
Market updates :
Firm cost and demand support market balance: On the demand front, steady bidding activity from downstream steel mills and increased procurement from the magnesium industry further supported the upward trend. Buying interest remained firm, strengthening overall market sentiment.
Overall, strong cost support and a persistent supply-demand imbalance were the key drivers of the price increase. These conditions limited the scope for downward movement and maintained prices stable.
Restrictions tighten raw material availability: Blue charcoal prices remained elevated on the raw material side, with stricter power restriction policies in Ningxia, Inner Mongolia, and other key producing regions limiting enterprise operating rates. This further tightened market supply, keeping overall availability under pressure.
ZCE futures tick down: Ferro silicon futures on China’s Zhengzhou Commodity Exchange (ZCE) for October 2025 delivery went down by RMB 26/t ($4/t) w-o-w to RMB 5,440/t ($760/t) on 28 August compared to RMB 5,466/t ($764/t) on 21 August.
Outlook
Ferro silicon prices will likely remain volatile in the short term, supported by potential steel demand recovery and constrained supply, but downside risks persist if demand stays weak.
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