GLOBAL FERRO-SILICON WRAP: Chinese price slips amid slow trade; Europe, US markets quiet

The Chinese ferro-silicon market dropped on Friday March 2, with one major tender signaling a slower return in demand from Chinese consumers after the recent national week-long holiday.

Chinese steel tenders signal shift in demand  Other consumer markets also dropped  European market moves sideways, eyes March business  US steady on reduced imports
Chinese domestic ferro-silicon prices have dipped from week-ago levels, with demand for bulk alloys relatively slow despite most dealers returning to work after the Chinese New Year holidays.

Metal Bulletin assessed Chinese domestic spot ferro-silicon (basis 75% silicon) prices at 7,350-8,350 yuan ($1,158-1,316) per tonne on Friday March 2, dropping 0.6% week on week.

The latest tender from major producer Hebei Steel for March was at 7,200 yuan per tonne on a delivered basis, about 300 yuan per tonne lower than for deliveries in February.

Bearish market sentiment on lower steel mill tender prices was cemented by falling downstream market prices. The magnesium market, a key consumer of ferro-silicon, dropped about 100-200 yuan per tonne in the past week. Metal Bulletin assessed...

Published

Chris Kavanagh

Declan Conway

Karen Ng

March 05, 2018

14:33 GMT

Galway, Singapore, New York