European ferro-silicon market rebounds on renewed inter-trade

The European ferro-silicon spot price jumped by more than 7% in the past week, breaking a three-week run of stability on increased trading activity.

Ferro-silicon lumpy basis 75% Si (scale pro rata), delivered Europe rose to €950-1,000 ($1,047-1,102) per tonne on Friday November 22, compared with €900-920 per tonne the week before.
Most buying interest was reported on an inter-merchant basis, with one deal heard at €975 per tonne delivered for two truckloads of material. The spot market has risen to a level last seen on June 14 when it was assessed at €980-1,070 per tonne delivered.

One supplier reported selling a few hundred tonnes of standard grade alloy to a consumer in southern Europe for €1,250 per...

Published

Declan Conway

November 25, 2019

13:09 GMT

Galway