Weak demand from domestic and export markets pushed the Chinese ferro-silicon market down, while the European market for standard-grade ferro-silicon was unchanged for the fourth consecutive week on Friday October 19, with suppliers holding offer prices despite slow consumer demand.
European market cements stability Chinese domestic demand weak, export market follows US market slips on soft spot demandEuropean market rock steadyFastmarkets' weekly price assessment for ferro-silicon, lumpy, 75% Si, for major European destinations, was at ?,?1,300-1,350 ($1,497-1,554) per tonne on October 19, unchanged for the fourth consecutive week. The spot market is maintaining stability within the current range while suppliers hold their offer prices despite relatively slow consumer spot demand. The spot market hit a new annual low five weeks ago after consumers settled some deals for quarterly deliveries in December at around ?,?1,400 per tonne delivered. The European ferro-silicon spot market was last at its current spot level in November 2017. One producer reported a deal for around 200 tonnes of standard grade at around ?,?1,415 per tonne to southern Europe, although that sale was an isolated trade due to the content mix and timescale and location of...