- Stable raw material costs support prices
- ZCE Mar’26 futures edge up by $19/t w-o-w
Ferro silicon prices remained stable w-o-w across grades during the week ended 29 January 2026. Si: 72% prices remained steady w-o-w at RMB 5,260-5,500/t ($756-791/t) ex-factory, inclusive of taxes, while Si: 75% prices stayed flat at RMB 5,750-5,900/t ($823-848/t) ex-factory, inclusive of taxes, supported by low production and tight spot availability in the market.
Market updates
Limited supply, stable demand underpin prices: Domestic ferro silicon prices remained stable amid stagnant market sentiment. Although some offers eased marginally, producers were largely unwilling to lower prices to clear inventories, maintaining a wait-and-see stance. On Supply side output remained low, with limited willingness among producers to ramp up operations, kept spot supply tight, supporting prices.
On the demand side, pre-holiday stocking by steel mills offered some procurement support. Meanwhile, raw material costs remained largely stable.Overall, prices were expected to remain stable, supported by balanced supply, demand, and cost factors
ZCE futures tick up w-o-w: Ferro silicon futures on China’s Zhengzhou Commodity Exchange (ZCE) for March 2026 delivery edged up by RMB 76/t ($19/t) w-o-w to RMB 5,632/t ($810/t) on 28 January 2026 compared to
to RMB 5,556/t ($797/t) on 21 January 2026
Outlook
Ferro silicon prices are likely to remain largely stable in the near term, supported by tight supply and steady pre-holiday demand from steel mills, despite cautious market sentiment.
(With inputs from CBC)
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