- Prices mixed amid cautious mill demand
- ZCE futures (May’26) dip by $14/t w-o-w
Ferro silicon (Si 75%) prices in China remained unchanged w-o-w at RMB 5,980-6,030/t ($867-874/t) ex-factory, inclusive of taxes, on 19 March 2026.
Meanwhile, Si 72% prices also remained flat at RMB 5,550-5,750/t ($804- 833/t) ex-factory, inclusive of taxes.
China’s domestic ferro silicon market remained stable, supported by steady costs, low inventories, and firm steel mill demand, while cautious sentiment amid geopolitical uncertainties kept overall trading conditions balanced.
Market updates
Stable costs support market balance: The domestic ferro silicon market remained largely stable, supported by steady cost conditions and minimal fluctuation in blue charcoal prices, which continued to underpin pricing. Low spot inventories, coupled with the ongoing progress of steel mill tenders, kept market quotations firm.
Meanwhile, operating rates among producers stayed relatively low, limiting supply pressure and maintaining a tight demand-supply balance. Although geopolitical tensions introduced some uncertainty, overall market sentiment remained cautious, with both buyers and sellers acting rationally, resulting in stable price trends.
ZCE futures edge down w-o-w: Ferro silicon futures for May 2026 delivery on China’s Zhengzhou Commodity Exchange (ZCE) increased by RMB 98/t ($14/t) w-o-w to RMB 5,824/t ($844/t) on 19 March from RMB 5,922 /t ($858/t) on 12 March.
Outlook
China’s ferro silicon market is expected to remain range-bound, with stable costs, modest supply recovery, steady steel demand, and external uncertainties limiting significant price fluctuations.
(With inputs from CBC)
Leave a Reply