Chinese ferro-silicon prices strengthened despite lackluster domestic trading activity, driven primarily by a tightened supply and currency depreciation, while US and European markets remained stagnant amid the summer slowdown.
Chinese domestic market inactive, prices rise on currency depreciation Chinese export prices inch up despite limited activity European ferro-silicon market remains on hold in summer lull US market sees sporadic activity, steady pricesChinese ferro-silicon prices rise on currency depreciation
Metal Bulletin's price assessment for Chinese domestic spot ferro-silicon (basis 75% silicon) rose by 300 yuan per tonne on the low end and 200 yuan per tonne on the high end to reach 6,900-7,100 yuan ($1,017-1,047) per tonne on Friday July 27, compared with 6,600-6,900 yuan per tonne on July 20.
This reverses the downward trend seen for the past few weeks, and also tracks the uptick in the silico-manganese market.
Market participants said prices were given a boost by tight supply seen in the 75% silicon grade.
However, domestic...