- Cost factors underpin domestic market stability
- ZCE futures (Feb’26) edge up w-o-w
Prices of 72% silicon grade remained unchanged w-o-w at RMB 5,260-5,500/t ($747-781/t) ex-factory, inclusive of taxes, while prices of 75% silicon grade remained steady w-o-w at RMB 5,700-5,930/t ($809-842/t) ex-factory, inclusive of taxes.
Ferro silicon prices remained steady across grades. Market stability was supported by firm input costs and balanced supply-demand dynamics, while subdued downstream demand and cautious buying limited any upside.
Market updates
Off-season demand weighs on buying sentiment: The domestic ferro silicon market remained stable amid balanced supply-demand conditions. Firm semi-coke prices and expectations of electricity tariff adjustments provided cost support, limiting downside risks and preventing any sharp price correction.
Maintenance-related production cuts had little impact on overall supply. Meanwhile, off-season demand from the downstream steel sector kept buying interest weak, limiting upside potential. Firm offers from producers and cautious buying kept the market in a stable consolidation phase.
ZCE futures edge up w-o-w: Ferro silicon futures on China’s Zhengzhou Commodity Exchange (ZCE) for February 2026 delivery edged up by RMB 92/t ($13/t) w-o-w to RMB 5,428/t ($771/t) on 17 December, compared with RMB 5,336/t ($758/t) on 10 December.
(With inputs from CBC)
Leave a Reply