GLOBAL FERRO-SILICON WRAP: Chinese market drops on soft demand, Europe cements recovery

The Chinese ferro-silicon market softened over the past week in line with weaker demand, in turn fueling expectations of further price weakness in the near term.

In Europe, however, the ferro-silicon market was steady after recording a small bounce in the prior week after suppliers held their offer prices ahead of expected uptick in demand.
  • Chinese market prepares for further losses
  • Europe awaits return of steelmakers
  • US market tumbles amid renewed activity

Chinese ferro-silicon price falls on weak demand

Fastmarkets’ price assessment for ferro-silicon 75% Si min, in-whs China stood at 6,200-6,400 yuan ($885-906) per tonne on Wednesday August 7, down by 300 yuan per tonne, or 4.5%, from 6,500-6,700 yuan per tonne a week earlier.
The price decline had been expected given the market’s weakened fundamentals, sources told Fastmarkets.
“There wasn’t strong support for high prices a few weeks ago [when the market was running higher]," a trader in China said.

The price of ferro-silicon in China spiked higher toward the end of June, rising from 5,900-6,100 yuan...

Published

Chris Kavanagh

Declan Conway

Nikki Ni

August 13, 2019

08:00 GMT

Galway, New York, Shanghai