GLOBAL FERRO-SILICON WRAP: China consolidates gains; Europe stabilizes after falls

The Chinese ferro-silicon market has been steady over the past week, consolidating a jump of 5% from the previous week both in domestic and export prices.

Chinese market dealers expect further price increases when consumer tenders are settled because heavy industries face strict environmental controls in the near term that may affect production. European trading has been quiet although there are signs that the market may be establishing a price floor after months of steady price losses. Chinese market support underscores prices Chinese steelmakers' tenders expected for August, which could boost prices European outlook steady in near term US market stable but inactive China producers support prices The domestic Chinese ferro-silicon price has steadied after the previous week’s price surge, with major Chinese ferro-silicon producers holding their offer prices. Fastmarkets’ ferro-silicon 75% Si min, in-warehouse China price was 6,500-6,700 yuan ($943-972) per tonne, unchanged from the previous week. “The market...

Published

Chris Kavanagh

Declan Conway

Nikki Ni

July 29, 2019

17:35 GMT

Galway