GLOBAL FERRO-SILICON WRAP: Chinese market stable after national holiday: Europe bounces on tighter supply

China’s ferro-silicon market has been stable since participants returned from a week-long national holiday in the country on October 1-7, with prices hemmed between tighter supply amid production cuts and weaker demand.

In Europe, prices increased for the first time since the start of August amid supply worries after a recent announcement of cuts to domestic production combined with low trader stocks to prompt buying interest. Tight supply underpins Chinese prices Chinese export market stable despite quiet activity Europe picks up on tighter supplies, seen heading higher US market flat on inactivity China market stable despite muted business Chinese domestic ferro-silicon prices were steady last week amid tight supply of standard grade ferro-silicon (75% Si), which has persisted since late September. Chinese smelters have cut production of standard grade material in response to lingering weak demand in both the domestic and export markets, leading to the tighter spot availability. As a result, suppliers have been reluctant to reduce their spot offer prices despite low levels of buying interest after China’s National Day holiday in early October. Fastmarkets’ price assessment for ferro-silicon 75% Si min,...

Published

Chris Kavanagh

Susan Zou

Declan Conway

October 15, 2019

07:45 GMT

Galway, New York, Shanghai