• Stable costs continue to support prices
• Need-based steel mill buying limits market activity
Ferro silicon (Si 75%) prices in China remained unchanged w-o-w at RMB 6,000-6,150/t ($883-905/t) exw, inclusive of taxes.
Meanwhile, (Si 72%) prices also held stable at RMB 5,450-5,550/t ($802–817/t) exw.
China’s domestic ferro silicon market remained stable, supported by firm semi-coke and electricity costs, while cautious downstream procurement and muted trading activity kept the market range-bound.
Market updates
Stable costs continue to support market
Ferro silicon prices remained supported by relatively stable semi-coke and electricity costs, providing a firm floor to production costs. On the supply side, reduced output and manageable inventories strengthened producers’ willingness to maintain stable offers.
Need-based demand keeps sentiment cautious
Downstream steel mills continued purchasing mainly for immediate needs, with no significant restocking activity observed. Weak demand conditions and limited market participation kept transactions subdued and sentiment cautious.
Outlook
The ferro silicon market is expected to remain range-bound with limited fluctuations in the near term. Firm cost support and controlled supply may continue to underpin prices, while weak downstream demand and cautious procurement are likely to restrict significant upside.
(With inputs from CBC)
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