- Prices edge up by RMB 120/t ($17/t) w-o-w
- Strong futures and tight supply drive the market
Ferro silicon (Si 75%) prices in China edged up by RMB 120/t ($17/t) w-o-w to RMB 6,100-6,150/t ($884-891/t) ex-factory, inclusive of taxes, on 25 March 2026.
Meanwhile, Si 72% prices inched up by RMB 100/t ($14/t) at RMB 5,650-5,850/t ($819- 848/t) ex-factory, inclusive of taxes.
China’s Domestic ferro silicon prices moved slightly higher, supported by strengthening market sentiment, steady demand conditions, constrained supply growth, and overall balanced fundamentals contributing to gradual price improvement.
Market updates
Rising costs and improved demand lift prices: Domestic ferro silicon prices moved higher, driven by sustained cost pressures and improving demand conditions. Elevated electricity tariffs and raw material prices, including blue charcoal, continued to support producer pricing power, encouraging firm offers.
On the demand side, steady procurement from steel mills, supported by earlier higher bidding trends, contributed to a gradual pickup in buying interest. Additionally, strong futures market performance and low inventory levels reinforced bullish sentiment. Limited supply growth further tightened market balance, collectively supporting the upward price movement.
ZCE futures rise w-o-w: Ferro silicon futures for May 2026 delivery on China’s Zhengzhou Commodity Exchange (ZCE) increased by RMB 292/t ($43/t) w-o-w to RMB 6,088/t ($882/t) on 25 March from RMB 5,824 /t ($844/t) on 26 March.
Outlook
Ferro silicon market is expected to remain strong with volatility, supported by high costs and steady demand, while limited supply growth sustains prices, though futures sentiment and geopolitical energy risks may influence trends.
(With inputs from CBC)
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