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...