GLOBAL FERRO-SILICON WRAP: Chinese prices slide on production increases; EU market reaches 78-month high

China's ferro-silicon price regained ground due to resumed supply amid profit-taking, while European prices strengthened after the summer break.

Chinese domestic prices slide as additional production comes online  Chinese export market lulls as foreign buyers continue to hold off purchasing European prices climb again, elevating to a 78-month high US market falls dormant, prices level off Chinese price under pressure, diverge continues The Chinese ferro-silicon price softened this week as supply tightness was eased by resumed production in Ningxia province and Inner Mongolia. China’s domestic spot price for ferro-silicon, basis 75% Si, dropped to 7,500-8,500 yuan ($1,153-1,307) per tonne on September 8, down 5.9% from 8,000-9,000 yuan a week ago. Hesteel (Hebei Iron & Steel) increased its monthly purchase price for ferro-silicon, basis 72% Si, to 8,950 yuan per tonne for September delivery up from 6,780 yuan a month ago, according to market participants. However, the recent recovery of ferro-silicon capacities in north-western China has kept market participants’ confidence wavering on...

Published

Chris Kavanagh AMM

Susan Zou

Declan Conway

September 12, 2017

10:50 GMT

Galway, Shanghai, New York