Europe FeSi price may jump 10% near term - sources

European ferro-silicon prices, which have been rallying since late October, will climb further near term and potentially challenge the annual peak of €1,275 per tonne on tight supply both in Europe and non-EU countries and a gradual recovery in consumption, industry sources said.

Fastmarkets last assessed the price for ferro-silicon lumpy basis 75% Si (scale pro rata), delivered Europe at €1,120-1,170 ($1,357-1,418) per tonne ddp on Friday December 11.
Although one supplier reported a deal for several hundred tonnes of standard-grade material for first-quarter shipment above €1,200 per tonne, a level that should push spot prices up by January, the supplier added.
One consumer in Germany reportedly bid €1,150 per tonne for a few truckloads on a spot basis but had that bid knocked back because traders expect prices to surpass €1,200 per tonne in the near term, Fastmarkets heard.
Ferro-silicon producers in Europe are refusing to sell below €1,200 per tonne, however, and are offering alloy at €1,250 per tonne for prompt demand because producers have very little available apart from long-term deals, sources said.

"With the high number of buying inquires in...


Declan Conway

December 15, 2020

16:55 GMT