GLOBAL FERRO-SILICON SNAPSHOT: Global prices reach multi-year highs on demand surge

Key data from Fastmarkets’ pricing sessions in the week ended Friday January 22, in China, Europe and the United States.

China Both domestic spot prices and export prices rose again, to their highest levels since March 2018. Bullish sentiment extended, with steel mills restocking ahead of the country’s Spring Festival (February 11-17). Futures prices have softened in the past week, but the latest price was still considered high. The most actively traded May ferro-silicon futures contract price on the Zhengzhou Commodity Exchange closed at 7,482 yuan ($1,158) per tonne on January 20, down by 448 yuan per tonne (5.6%) from 7,930 yuan per...

Published

Chris Kavanagh

Declan Conway

Siyi Liu

January 22, 2021

18:22 GMT

New York, Shanghai, Galway