European ferro-silicon market to consolidate in near term, sources say

The European spot ferro-silicon price, which widened up to €1,300-1,200 per tonne on Friday January 15, should now be supported against any prompt demand from steelmakers that have agreed their first-quarter delivery settlements, sources said this week.

They told Fastmarkets that the last time the price was this high was in November 2018.
The market should also get support from suppliers keen to at least hold their offer prices until the return of steelmakers for their second-quarter delivery settlements. Steelmakers are expected back in February for those contracts.

Fastmarkets price assessment for ferro-silicon lumpy basis 75% Si (scale pro rata), delivered Europe was €1,200-1,300 ($1,449-1,570) per tonne ddp on Friday, compared with €1,200-1,250 per tonne a week earlier. The market has been on an upward trend since August 2020 when it fell to an annual...

Published

Declan Conway

January 18, 2021

17:24 GMT

Galway