GLOBAL FERRO-SILICON WRAP: Chinese domestic prices edge up on emerging buying interest; EU, US markets stagnant

Chinese domestic ferro-silicon prices rose on increased buying interest in the week to Friday August 24, while European and US markets remained stagnant amid a lack of consumer interest.

Chinese domestic ferro-silicon prices edge up  European ferro-silicon market remains inactive  US market flatlines again while consumers sit on sidelines Chinese ferro-silicon prices edge up on renewed buying interest
Metal Bulletin assessed Chinese domestic spot ferro-silicon (basis 75% silicon) prices at 6,900-7,100 yuan ($1,012.74-1,042.10) per tonne on August 28, rising 100 yuan on the low end and dipping 50 yuan on the high end from the previous week.

“The market has been stable recently and demand for 75% silicon grade is still there,” a producer said.

Market participants also said they heard traders were stocking up on ferro-silicon cargoes and stockpiling it in their warehouses.

There was also some speculation that these cargoes were for fulfilling contract deliveries on the Zhengzhou Commodity Exchange (ZCE), which has been very actively traded...

Published

Chris Kavanagh

Karen Ng

Jon Stibbs

August 28, 2018

17:50 GMT

Singapore, New York, London