In Europe, the market has stirred into life after several weeks of inaction amid quarterly tender talks, while the US market softened after coming under pressure from weakness in global markets.
Chinese market cements support
Europe price shifts after long Q2 drift
US prices decline under pressure from weak global markets
Chinese market supported
China’s ferro-silicon market was stable last week amid improved sentiment after domestic mill Hebei Steel kept its latest monthly purchase price largely unchanged from its previous tender, while a strong performance by ferro-silicon futures in China further buoyed the market.
Fastmarkets assessed the spot price for ferro-silicon, basis 75% silicon, in China at 5,900-6,100 ($852-881) yuan per tonne on June 14, unchanged for a fifth consecutive week.
Hebei Steel has agreed to buy ferro-silicon at 6,170 yuan per tonne for June delivery after suppliers rejected an initial offering price of 6,100 yuan per tonne, citing that the initial offer was...