GLOBAL FERRO-SILICON WRAP: Chinese FeSi market sees healthy activity, short supply; EU, US markets suffer from inactivity

Chinese ferro-silicon prices were stable last week, but shortened supply and more active trading suggest an uptick in pricing ahead.

  • Chinese domestic market sees active trading, short supply
  • European prices slide on thin trading activity
  • US spot market stable amid spot inactivity

Chinese domestic ferro-silicon market supported by tight supply
Chinese domestic ferro-silicon prices were stable last week, supported by active trading and short supply in the market.
Metal Bulletin assessed the Chinese domestic spot ferro-silicon (basis 75% silicon) price at 6,200-6,400 yuan ($974-$1,006) per tonne on May 4, unchanged from a week earlier.
Chinese ferro-silicon prices continued to be buoyed by the short supply of the material, stemming from a number of factors, market sources told Metal Bulletin.
One such factor is the higher power tariffs in the Chinese province of Qinghai, which has prompted the majority of ferro-silicon producers there to operate primarily in the evenings and throughout the night – effectively reducing their capacity by as much as 30%.

Another is that the majority...

Published

Chris Kavanagh

Declan Conway

Karen Ng

May 08, 2018

09:53 GMT

New York, Galway, Singapore