- Chinese domestic alloys prices steady amid firmer steel prices.
- Chinese export market stable.
- European market unchanged, awaits renewed demand.
- US ferro-silicon prices on hold during 2020 talks.
Chinese ferro-silicon prices continued their steady performance amid firmer steel prices in China, although consumer demand has been soft.
Fastmarkets’ price assessment for ferro-silicon 75% Si min, in-whs China
was 5,950-6,000 yuan ($849-856) per tonne on Wednesday November 6, unchanged since September 25.
The strength seen in the Chinese hot-rolled coil steel market has managed to offset earlier headwinds in demand, while major ferro-silicon producers have been mostly reluctant to sell much material amid tighter supply.
Fastmarkets’ price assessment for steel HRC domestic, delivered Northern China
increased to 3,500-3,540 yuan per tonne on November 8, compared with 3,490-3,510 yuan per tonne on November 1.
“There are limited numbers of producers of 75% grade ferro-silicon,” a producer source...