China's FerroSilicon ex-factory prices remain stable

The current mainstream transaction price for 72% min 10-50mm FerroSilicon in China is 6,000-6,200 CNY/MT, EXW. Due to the slim profit margins for producers, industry insiders expect the mainstream transaction price for FerroSilicon to remain at this level throughout the week.

A producer in Inner Mongolia quoted 5,900 CNY/MT, EXW, for 72% min 200-500mm FerroSilicon. "We sold around 70 tons at this price today and sold approximately 200 tons at the same price last week to three customers, with the largest order being 70 tons," the producer revealed, adding that due to sluggish sales, they halted one furnace in September with no plans to restart it. They expect limited room for price declines this week. The producer has an annual capacity of 25,000 tons and plans to produce around 1,000 tons in November, similar to October’s output, with no current inventory.

A producer in Shaanxi noted, "Our price for 72% min 200-500mm FerroSilicon today is 5,850 CNY/MT, EXW, and we sold 100 tons at this price today." Due to cost pressures, they did not accept any counteroffers and sold 500 tons to three customers last week, including one order of 200 tons. The producer commented that weak demand from downstream buyers has led to low purchasing interest, so they expect FerroSilicon prices to remain stable at current levels this week. The producer has an annual capacity of 90,000 tons and plans to produce around 2,000 tons of 72% min FerroSilicon in November, similar to October, with a current inventory of approximately 300 tons.

For more product information or market trends please contact Hainan West Asia Import & Export Group.