FOCUS: Market sets record price target ahead of renewed Q3 demand

The near-term outlook for ferro-silicon looks set to climb higher to a near record-high since Fastmarkets started assessing the price more than 24 years ago due to firm fundamentals, industry sources said.

The European spot delivered price is gripped between tight supply and strong demand from steelmakers, while market focus is on expectations of renewed demand from consumers in early June for their third-quarter delivery smelting schedules.
Other factors should also be influential, including a shortage of increasingly expensive containers, high sea freight prices and growing replacement costs from traditional exporters who are selling most of their supplies domestically.

Most recently, the European market has narrowed higher, with reports that offers below ?,?1,600 ($1,933) per tonne, virtually all inter-merchant, have disappeared. However, producers were offering standard-grade material for any prompt demand at prices up...

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