- Bulk deals contribute to minor price adjustments
- Chinese prices stable, futures edge up
Indian ferro silicon (70%) prices inched down by INR 700/t ($8/t) on 15 December compared with the assessment on 8 December.
According to BigMint, ferro silicon prices in India stood at INR 97,600/t ($1,072/t) exw- Guwahati on 8 December. In Bhutan, prices edged down by INR 500/t ($6/t) w-o-w to INR 98,500/t ($1,082/t) exw. Across both regions, around 3,600 t of deals were concluded last week within the price range of INR 96,000-99,000/t ($1,055-1,088/t) exw.
Prices in both regions saw a slight dip, driven by a few bulk deals at lower rates and a cautious buying sentiment in the market.
Market updates (9- 15 December)
Deals shaping market trends: Ferro silicon prices recorded a slight decline last week due to a few bulk transactions concluded at lower levels of around INR 96,000-98,000/t ($1,055-1,077/t) exw. Despite this, sellers largely maintained firm offers, and some deals were still reported in the range of INR 98,500-99,000/t ($1,082-1,088/t) exw across both regions.
Overall market activity remained steady, as some sellers were sold out while others maintained firm offers, and buyers remained cautious.
Export prices too stayed stable w-o-w at $1,160/t FOB Kolkata. While some sellers offered above $1,200/t levels, limited inquiries in the market kept overall prices unchanged.
Chinese prices remain stable w-o-w : Ferro silicon (Si 75%) prices in China remained stable w-o-w at RMB 5,750/t ($816/t) ex-Inner Mongolia. Increased electricity tariffs in major producing regions pushed up production costs, while firm coal prices offered cost-side support. Meanwhile, some producers suspended operations due to prolonged losses, leading to reduced supply.
On the demand side, steel mill bidding progressed slowly, with slightly higher purchase volumes but lower prices than the previous round. Restocking demand remained mainly need-based. Seasonal weakness in downstream steel demand and reduced pig iron output limited upside potential, keeping the market stable.
ZCE futures edge up w-o-w: Ferro silicon futures for February 2026 delivery on the Zhengzhou Commodity Exchange (ZCE) rose by RMB 58/t ($8/t) week on week to RMB 5,396/t ($767/t) on Monday, compared with RMB 5,338/t ($757/t) on 8 December.
Outlook
Ferro silicon prices are expected to remain volatile.
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