The European ferro-silicon spot price has jumped by 13% so far in February amid firm fundamentals, and with reduced stock levels in Europe - where production levels have fallen after domestic cuts in recent months - and little available for spot sales, prices may be set to climb even further in the near term.
Fastmarkets' price assessment for ferro-silicon lumpy basis 75% Si (scale pro rata), delivered Europe rose to ?,?1,180-1,250 ($1,280-1,356) per tonne on Friday February 21, up by 13% at the midpoint compared with ?,?1,050-1,100 per tonne on January 31.And...