- Prices hold steady w-o-w across grades
- Weak demand and cautious sentiment keep trade subdued
Ferro silicon (Si 75%) prices in China remained unchanged w-o-w at RMB 6,000–6,150/t ($888–900/t) ex-factory, inclusive of taxes.
Meanwhile, Si 72% prices also remained stable at RMB 5,450–5,550/t ($797–812/t) ex-factory.
China’s domestic ferro silicon market remained largely stable, supported by firm cost structures, while cautious downstream demand and weak futures sentiment limited trading activity.
Market updates
Stable costs support market
Ferro silicon prices remained supported by stable semi-coke prices and firm electricity costs, providing a strong cost floor. On the supply side, cautious production and tight spot availability, along with reluctance to sell, helped limit downside pressure.
Cautious demand keeps activity muted
Downstream demand remained subdued, with steel mills continuing need-based procurement. Weak pre-holiday stocking interest and slow transaction volumes kept overall market activity limited, while weak futures trends weighed on sentiment.
Outlook
The ferro silicon market is expected to remain stable with narrow fluctuations in the near term. Firm cost support and tight supply may underpin prices, while weak demand and cautious buying interest are likely to cap any significant upside.
(With inputs from CBC)
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