GLOBAL FERRO-SILICON WRAP: Chinese market in balance, while Europe drops to new low

The Chinese ferro-silicon price was stable in the past week in line with fundamentals, while the downturn in the European price persisted against weak spot demand.

China supported on lower production  Europe drops to 2016 low with more weakness expected  US market holds, weakness may loom ahead Chinese ferro-silicon prices have been steady in the past week in line with demand from steel mills, sources told Fastmarkets. “Domestic prices are stable...there has been no sudden change in production,” a producer said. "The market is quite balanced because most of the smaller producers in Inner Mongolia have shut down so there is no oversupply." Fastmarkets MB's Chinese ferro-silicon ex-works price, basis 75% Si was unchanged at 6,000-6,400 yuan ($893-953) per tonne on Friday March 22. The Fastmarkets MB Chinese ferro-silicon export price also increased in line with demand, rising almost 1% to $1,160-1,200 per tonne on Friday, compared with $1,150-1,190 per tonne the week prior. Export offer prices have increased to as much as $1,210-1,220 per tonne fob China, although few bids had been returned. Still, increasing export...

Published

Chris Kavanagh

Declan Conway

Karen Ng

March 25, 2019

17:42 GMT

Galway, New York, Singapore