The Chinese domestic ferro-silicon market increased on expected tighter supply, with producers encountering environmental checks that could cut production in coming weeks, while the European market has been stable in June, ahead of the third-quarter delivery settlements conclusion between alloy suppliers and consumers in the steel sector.
China adds to price gains on supply worries Could become even stronger amid firm domestic demand Europe awaits third-quarter delivery settlements US market bolstered by tightening supply, demand uptickMetal Bulletin assessed that Chinese domestic spot ferro-silicon (basis 75% silicon) prices jumped 300 yuan per tonne on the low end week on week to 6,900-7,200 yuan per tonne ($1,077.40-$1,124.20) on June 8. Steel mill tenders were heard at 7,000-7,200 yuan per tonne for parcel sizes of 3,000 tonnes, while the lowest spot deal was heard done at 6,900 yuan per tonne. "Domestic demand continues to be good from end-users because they want to stock up on more ferro-silicon before supply gets too tight," a producer said. Environmental inspections are getting more...