European FeSi market to test new price highs

The European ferro-silicon market seems set to test the March 2018 price range of €1,650-1,700 per tonne, with suppliers reporting several sales of standard-grade material for prompt delivery already done at €1,620 per tonne.

One regular trading company said it is not offering any such material below €1,600 ($1,916) per tonne, although the bulk of sources suggest a range between €1,500-1,600 per tonne.
The European market should also receive further support from persistent bouts of short-covering while domestic ferro-silicon producers have already started selling material for third-quarter delivery, prompting short-covering from buyers that were keen to pay even more replacement costs when the months progress, trade sources said.

A move above €1,600 per tonne this week would put the European market up by €50 per tonne on the low end of Fastmarkets’ assessment of ferro-silicon lumpy basis 75% Si (scale pro rata), delivered Europe at €1,500-1,550 per tonne...

Published

Declan Conway

April 19, 2021

12:40 GMT

Galway