- Si:72% prices edge lower w-o-w
- Slow production recovery limits supply growth
Ferro silicon (Si:75%) prices in China remained stable w-o-w at RMB 6,160-6,340/t ($917-944/t) exw, inclusive of taxes and acceptance. Meanwhile, Si:72% prices fell by RMB 50/t w-o-w to RMB 5,750-5,900/t ($856-879/t) exw.
China’s ferro silicon market remained broadly stable this week. Weaker semi-coke prices reduced cost support, while slow production resumptions kept supply steady. Steel mills continued small, need-based purchases, limiting any strong change in demand.
Market updates
Softer semi-coke weakens cost support: Semi-coke prices continued to weaken, reducing support for ferro silicon production costs. However, the decline was not strong enough to put major downward pressure on prices.
Steel buying remains limited: Steel mills continued to purchase mainly for immediate needs, with pre-holiday stockpiling yet to begin. Slow production recovery in major producing areas also kept supply stable, while both buyers and sellers remained cautious.
Outlook
Ferro silicon prices are likely to remain range-bound with a slight downward bias in the near term. Semi-coke prices, production recovery, steel mill tenders and pre-holiday buying will be key factors to watch.
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