CBC: Chinese ferro silicon prices remained steady w-o-w, as demand slowly picked up.
Grade 72% silicon: Prices were unchanged at RMB 5,860-6,030/t ($806-830/t) ex-factory, inclusive of taxes.
Grade 75% silicon: Prices remained stable at RMB 6,120-6,310/t ($842-868/t).
Market updates
Market conditions and demand recovery: The ferro silicon market remained stable as demand gradually recovered. Although the recovery is slow, there are expectations for continued improvement, supported by a positive economic outlook. Downstream inquiries and price inquiries are increasing, with inventory pressure remaining manageable.
Traders’ cautious approach: Market inventories continue to accumulate, and traders are adopting a cautious approach, opting to ship in moderation and secure profits. Despite a stable market, the overall sentiment remains cautious, with expectations that the market will maintain stability in the near term.
ZCE futures edge down: On 19 March, ferro silicon prices on the Zhengzhou Commodity Exchange (ZCE) for May 2025 delivery inched down by RMB 12/t ($2/t) w-o-w to RMB 5,982/t ($827/t) from RMB 5,994 ($829/t).
Outlook
In the short term, the ferro silicon market is projected to remain stable amid improving supply-demand dynamics and reduced factory inventories. While price adjustments are possible, they are expected to be minor, with slight long-term demand growth.
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