GLOBAL FERRO-SILICON SNAPSHOT: Chinese production cuts drive extreme price gains

Key data from Fastmarkets’ pricing sessions in Europe, China and the United States on Friday September 24.

China The ferro-silicon price in China became very bullish following the news that Fugu, a ferro-silicon production hub in Shaanxi province, issued instructions for broad cuts in the production of ferroalloys, magnesium and semi-coke starting from September 19, to meet the dual control targets on energy consumption. This has made spot availability very tight, with many producers holding offers firm. The rising ferro-silicon futures, coupled with the elevated Chinese price for magnesium, the key consumer of 75% ferro-silicon, fueled the...

Published

Chris Kavanagh

Declan Conway

Jessica Long

September 24, 2021

17:40 GMT

New York, Shanghai, Galway