- Market holds steady amid holiday calm
- ZCE futures dip slightly by RMB 26/t($4/t) w-o-w
CBC: Chinese ferro silicon prices remained unchanged over the week, backed by firm semi-coke and electricity costs, with limited market activity amid weak demand and Golden Week holiday closures.
Grade 72% silicon: Prices remained flat w-o-w at RMB 5,390-5,600/t ($756-785/t) ex-factory, inclusive of taxes.
Grade 75% silicon: Prices remained steady w-o-w at RMB 5,890-6,030/t ($826-845/t) ex-factory, inclusive of taxes.
Market recap
End-user demand remains weak: The Chinese market reopened yesterday after the Golden Week holidays(1-8 Oct’25), and the domestic ferro silicon prices remained largely steady over the week. Firm semi-coke and electricity costs provided some support.
However, high production levels, weak steel sector demand, and rising inventories continued to pressure the market. These factors limited any significant upward movement in prices despite some cost-side support.
Limited inquirers in spot market: Meanwhile, fluctuations in the futures market increased uncertainty, weighing on sentiment in the spot market. Producers and traders adjusted their offers in response to changing market conditions, but transaction levels showed little movement.
Overall, the market maintained a cautious stance, with participants adopting a wait-and-watch approach amid weak demand and persistent oversupply.
ZCE futures tick down: Ferro silicon futures on China’s Zhengzhou Commodity Exchange (ZCE) for December 2025 delivery edged down by RMB 26/t ($4/t) w-o-w to RMB 5,452/t ($765/t) on 9 October compared to RMB 5,478/t ($768/t) on 30 September.
Outlook
In the near term, ferro silicon prices are expected to remain volatile, underpinned by cost support, while demand could rise during the golden nine and silver ten period.
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