Chinese ferro silicon prices remain firm on sluggish market activity

Prices of ferro silicon in Chinese market stayed steady w-o-w despite increased demand and production.

Prices of various grades were:

Grade 75% silicon: Prices remained static w-o-w to settle within a range of RMB 7,100-7,300/t ($977-$1,004/t) ex-works, including tax.

Grade 72% silicon: Prices followed a similar trend, stayed unchanged w-o-w to RMB 6,800-7,000/t ($936-$963/t) ex-works, including tax.

Rising costs, production keep prices stable: The recent increase in demand for steel mill bids has led some producers to raise their prices due to higher semi-coke and electricity costs. Meanwhile, factory resumptions in certain areas have caused a slight rise in overall output. Despite this, market activity remained sluggish, as downstream buyers resisted high prices and traders took a wait-and-see approach, keeping ferro silicon prices steady.