Chinese ferro silicon prices drop on sluggish market sentiments

The ferro silicon market in China continued to fall w-o-w amid declining spot and future prices. 

75% silicon content: Prices declined by RMB 50/t ($7/t) this week reaching RMB 6,660-6,840/t ($921-$946/t) ex-works, including tax.

72% silicon content: Prices decreased by RMB 50/t ($7/t), settling in the range of RMB 6,330-6,520/t ($876-$902/t) ex-works, including tax.

Ferro silicon production faces near-term pressure as several key regions report losses. Expect a continuation of the weak market trend with potential price volatility due to production adjustments. Producers will likely focus on cost reductions for profitability, with a potential mid-to-long term recovery contingent on market demand or cost adjustments.