Chinese ferro silicon prices remain uniform on slow market moves

This week, the price of ferro silicon in China remained unchanged as market is taking up slowly post CNY(Chinese New Year). Ferro silicon with 72% silicon content was sold for RMB 6,510 to 6,710/tonne (t) ($905-933/t), while ferro silicon with 75% silicon content was sold for approximately RMB 6,910 - 7,090/t ($972-997/t). These prices are inclusive of tax and are ex-works.

The spot price of ferro silicon remained monotonous as companies got back to work post-holidays. The demand from the buyers stayed slow.

This means that market transactions are slowly picking up, but traders remained cautious and waited to see what happens.

Outlook

As companies start working again and demand starts to pick up, the ferro silicon market is expected to get busier in the near future. For now, though, the market will run steadily.

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