GLOBAL FERRO-SILICON WRAP: Chinese prices rise on short supply; EU, US markets little changed in slow trading week

Chinese ferro-silicon prices strengthened in the week ending Friday May 11 after production was cut in the country due to higher electricity costs for producers, with the trend seen persisting through June.

Chinese consumers look to buy ahead of higher prices  US market sags amid inactivity, more imports  European spot market stagnates after second-quarter settlements Chinese domestic ferro-silicon prices moved higher in the past week amid active trading on persistently short supply. Metal Bulletin’s Chinese domestic spot ferro-silicon (basis 75% silicon) prices increased by 200 yuan per tonne on the low end and 400 yuan per tonne on the high end to 6,400-6,800 yuan ($1,010-$1,073.19) per tonne on May 11. According to sources, the market has been buoyed by short-covering against an expected short supply of ferro-silicon in the coming weeks. “Most of the stock build-up had been consumed at the end of April and most are quoting 6,400 yuan per tonne and more,” a producer said....

Published

Chris Kavanagh

Declan Conway

Karen Ng

May 15, 2018

12:14 GMT

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