European prices jumped by more than 5% to a peak of €2,500 ($2,930) per tonne delivered in the week to September 24, with reported deals and offers at that level, although offers were as low as €2,200 per tonne in Central Europe.
Fastmarkets assessed the spot price for ferro-silicon, lumpy, basis 75% Si (scale pro rata), delivered Europe
at €2,200-2,500 ($2,578-2,930) per tonne on Friday. This is the highest level since the start of Fastmarkets’ pricing records for ferro-silicon, which date back to January 1997.
Quarterly delivery settlements between October and early February were reported at the top end of the market, suggesting firm support for spot market prices in the near term. European ferro-silicon producers have already mostly allocated their output for the fourth quarter to long-standing customers and are now negotiating delivery settlements well into the first quarter of 2022, sources...