GLOBAL FERRO-SILICON WRAP: Chinese market softens on weak domestic demand

The Chinese ferro-silicon price continued to trend lower over the past week amid persistently weak domestic demand, while prices in Europe and the United States were steady in inactive spot markets.

China's domestic ferro-silicon price drops on weak demand, adequate supply Export price in China steady but vulnerable EU prices steady in quiet market US price flat due to inactivity Chinese ferro-silicon price trends lower on weak demand, adequate supply Fastmarkets assessed the price for ferro-silicon 75% Si min, in-whs China, at 6,050-6,300 yuan ($847-882) per tonne on Wednesday August 21, down by 1.2% from 6,100-6,400 yuan per tonne one week earlier. Lingering weak demand from steel mills has been the major driver of the price drops that have persisted since the beginning of August, market participants told Fastmarkets. “Crude steel production has been falling, which resulted in the softness in buying...

Published

Chris Kavanagh

Susan Zou

Cristina Belda

August 27, 2019

21:00 GMT

New York, London, Shanghai