Chinese domestic ferro-silicon market supported by tight supply
- 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 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...