THE CHINESE Ferro Silicon MARKET IS EXPERIENCING A SUPPLY SHORTAGE.

Chinese market continues to experience a relative shortage of Ferro Silicon supply, with downstream consumers actively purchasing. Industry insiders indicate that currently, Ferro Silicon suppliers have insufficient inventories and downstream demand is active. As a result, Ferro Silicon prices hit the upper limit today, and Chinese Ferro Silicon prices are likely to continue to rise steadily in the coming week.

A consumer in Shanxi revealed, "Due to the general inventory tightness in the market, I will try to restock at a price of EXW 7,650 CNY/MT (1,055 USD/MT)." He expects prices to remain stable in the coming days. This consumer's annual consumption is 14,400 MTs, and he plans to consume 1,200 MTs in May, almost the same as in April. He holds an inventory of 500 MTs. His consumption in 2023 is approximately 14,400 MTs.

A producer in Inner Mongolia stated that his offer today is EXW 7,800 CNY/MT (1,076 USD/MT) and will not sell for less than 7,750 CNY/MT (1,069 USD/MT). "Since yesterday, I have received over ten inquiries, with prices roughly around 7,750 CNY/MT (1,069 USD/MT), but we currently have no inventory and can only produce and sell on a first-come, first-served basis," the producer said. "Demand is stronger than we expected, and we are already operating at full capacity." He predicts that prices will remain stable in the coming week. This producer has an annual capacity of 468,000 MTs and plans to produce 30,000 MTs in May, almost the same as in April. He currently has no inventory. His production in 2023 is approximately 468,000 MTs.

Hainan West Asia Group predicts that Ferro Silicon prices will continue to rise. 

For more product inquiries and market information, please contact Hainan West Asia Import & Export Group.