- Mixed prices amid cautious steel mill buying
- ZCE futures (May’26) increase by $14/t w-o-w
Ferro silicon (Si 75%) prices in China rose by RMB 605/t ($88/t) w-o-w to RMB 5,980 – 6,030/t ($869 – 877/t) ex-factory, inclusive of taxes, on 11 March 2026.
However, Si 72% prices also edged down by RMB 100/t ($15/t) w-o-w to RMB 5,550 – 5,750/t ($807- 836/t) ex-factory, inclusive of taxes.
Chinese ferro silicon market reflected mixed price trends, with overall sentiment remaining balanced. While high upstream raw material costs continued to support producer offers, steady but moderate procurement from steel mills kept market movements largely stable.
Market updates
Balanced supply-demand keeps market steady: Ferro silicon prices remained relatively stable as elevated production costs, driven by high raw material prices, limited producers’ willingness to sell at lower levels.
At the same time, downstream steel mills maintained regular procurement to meet operational requirements, without undertaking large-scale buying or significant cuts.
This balance between firm production costs and stable demand kept the market in equilibrium, preventing sharp price fluctuations and sustaining steady trading activity across key regions.
ZCE futures edge up w-o-w: Ferro silicon futures for May 2026 delivery on China’s Zhengzhou Commodity Exchange (ZCE) increased by RMB 94/t ($14/t) w-o-w to RMB 5,922/t ($862/t) on 12 March from RMB 5,828 /t ($847/t) on 5 March.
Outlook
In the near term, ferro silicon prices are expected to remain firm within a narrow range, supported by high raw material and power costs, while steady steel mill procurement continues to provide underlying market stability.
(With inputs from CBC)
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