The Chinese ferro-silicon market fell for the third week in a row in the week ended Friday January 11, extending losses amid persistently high volumes on offer from smaller producers, Fastmarkets has learned.
Elsewhere, the European market has been quiet in January, but held steady despite subdued trading. China market sees further losses More Chinese losses expected ahead of lunar new year holiday Europe prices stable, awaiting pick-up in tradingDomestic Chinese ferro-silicon prices have fallen for the third consecutive week, with market participants attributing the trend to smaller smelters lowering their offer prices to clear stocks before the lunar new year holiday.Fastmarkets Chinese ferro-silicon ex-works price, basis 75% Si was assessed at 6,200-6,300 yuan ($917-932) per tonne on January 11, down by 400-500 yuan per tonne.Currently, breakeven costs for ferro-silicon production for small producers were reported to be 6,000 yuan per tonne, although some of them were set to shut their operations amid falling prices."This...