- Mills may restock material ahead of National Day holiday
- Mills’ hikes in tender prices boost demand expectations
CBC: Chinese ferro silicon prices remained largely steady over the week, supported by semi-coke costs and a price-supportive stance from manufacturers. However, weak downstream demand and excess supply kept the market range-bound and volatile.
Grade 72% silicon: Prices remained unchanged w-o-w at RMB 5,390-5,600/t ($756-785/t) ex-factory, inclusive of taxes.
Grade 75% silicon: Prices stayed steady w-o-w at RMB 5,890-6,030/t ($826-845/t) ex-factory, inclusive of taxes.
Market updates
Coke prices support market stability: Semi-coke prices provided some cost support, and manufacturers maintained a price-supportive stance, which prevented sharp declines in spot prices. However, excess supply from new production capacity continued to weigh on the market.
However, downstream steel mills showed weak demand, and speculative buying remained limited, as market participants adopted a cautious approach. With limited transaction support and ongoing volatility in the ferrous metals sector, prices struggled to gain momentum. As a result, the market remained in a state of volatile consolidation.
ZCE futures tick up: Ferro silicon futures on China’s Zhengzhou Commodity Exchange (ZCE) for November 2025 delivery edged up by RMB 30/t ($4/t) w-o-w to RMB 5786/t ($811/t) on 25 September compared to RMB 5,756/t ($/807t) on 18 September.
Outlook
The ferro silicon market is likely to experience short-term volatility, as downstream steel mills may seek to replenish inventory ahead of the National Day holiday, with the m-o-m rise in tender prices at some mills boosting demand expectations.
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