BigMint is a Market Intelligence and Price Reporting firm that caters to the data and analytics requirements of businesses in the commodities sector. It publishes real time prices and information, which is impartial, independent and reliable, sourced from all industry interfaces – sellers, buyers, agents and traders. This data is filtered and passed through very stringent, calculative assessments before final prices are derived, thereby giving our clients accurate pricing.

Go to List

Chinese ferro silicon prices remain static on minimal inquiries

...

Ferro Silicon

BigMint Bureau

31 Reads

21 Nov 2024, 18:58 IST

Chinese ferro silicon prices remain static on minimal inquiries

CBC: Prices of Chinese ferro silicon were consistent, but inquiries have not led to significant trading volumes.

Grade 72% silicon: Prices were unaltered w-o-w, with ex-factory, tax-inclusive quotes at RMB 6,030-6,220/tonne (t) ($833-859/t).

Grade 75% silicon: Prices were unchanged for this grade too, with quotes at RMB 6,590-6,780/t ($910-936/t).

Market sentiments weak: Market confidence remained low, with shrinking profit margins for manufacturers. Reports of maintenance and production cuts in key areas add to the challenges. Coupled with high overall supply, the market has experienced downward fluctuations.

Ferro silicon futures up: On 21 November 2024, the Zhengzhou Commodity Exchange (ZCE) for January 2025 delivery of ferro silicon increased by RMB 138/t ($22/t) w-o-w to RMB 6,442/t ($890/t) from RMB 6,304/t ($871/t) on 14 November 2024.

Outlook

Short-term fluctuations in Chinese ferro silicon prices can be expected keeping in mind the current market sentiments.