Fastmarkets’ weekly price assessment for ferro-silicon 75% Si min, in-whs China
was 5,400-5,600 yuan ($762-791) per tonne on Wednesday, with the lower end widening downward by 100 yuan from 5,500-5,600 yuan per tonne a week earlier.
“Some producers lowered their prices further to destock, while cash pressure mounted on smelters and traders as the end of the month approaches,” a trader said.
The domestic ferro-silicon price range declined sharply in the previous week
following lower monthly tender prices for 72-grade alloy from major steel mills and sluggish demand from the magnesium sector.
Fastmarkets assessed the price of magnesium 99%, exw China at 13,000-13,100 yuan per tonne on April 17, widening upward by 100 yuan...