Fastmarkets’ price assessment for ferro-silicon 75% Si min, in-whs China
was 5,800-5,900 yuan ($828-842) per tonne on Wednesday July 22, down by 100 yuan (1.7%) from 5,900-6,000 yuan per tonne in the previous week.
Persistently lackluster demand from the magnesium market, a major consumer for 75% grade ferro-silicon, has made the spot alloy price vulnerable to a backswing, according to several market participants.
Fastmarkets assessed the magnesium 99.9%, exw China price
at 12,800-13,000 yuan per tonne on Friday July 24, unchanged from a week earlier and at its lowest since March 2016.
“As the [magnesium] market is staying at a bottom for...