China's ferro silicon prices stable amid improved demand

Chinese ferro silicon prices have remained largely stable w-o-w. Domestic ferro silicon (Si:72%) acceptance offers operated moderately at RMB 6,850-7,050/t ($936-$964/t) and ferro silicon (Si:75%) offers also stayed firm in the range of RMB 7,250-7,450/t ($991-$1018/t). All prices mentioned are exw, including tax.

It was anticipated that prices may fall after the Golden week holidays; however, prices have remained supported. Driven by improved demand, manufacturers' production volumes stayed stable.

Traders are cautious about the market outlook and ferro silicon prices are stable. Meanwhile, the global market remained firm with positive sentiments prevailing that offered support to prices.

Outlook

As the market has entered the golden September and silver October period, it is forecast that ferro silicon prices may rise in the near term.

Note: This article has been written in accordance with an agreement between CBC and SteelMint.