• Stable cost support underpins prices
• Steel mills maintain cautious spot buying
Ferro silicon (Si 75%) prices in China remained unchanged w-o-w at RMB 6,000–6,150/t ($880–902/t) ex-factory, inclusive of taxes.
Meanwhile, Si 72% prices also held stable at RMB 5,450–5,550/t ($800–815/t) ex-factory.
China’s domestic ferro silicon market remained stable, supported by firm electricity and semi-coke costs, while cautious downstream demand and limited procurement activity kept trading subdued.
Market updates
Stable costs continue to support market
Ferro silicon prices remained supported by unchanged electricity and semi-coke prices, helping stabilise production costs. On the supply side, producers maintained stable operations with manageable inventories and firm offers, limiting downside pressure.
Need-based demand keeps activity muted
Downstream steel mills continued need-based procurement, with no significant increase in buying volumes. Weak market activity and the absence of strong price drivers kept overall sentiment cautious and transactions limited.
Outlook
The ferro silicon market is expected to remain stable with narrow fluctuations in the near term. Firm cost support and manageable supply may continue to underpin prices, while weak steel demand and cautious procurement are likely to limit any meaningful upside.
(With inputs from CBC)
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