Chinese ferro-silicon prices have been flat over the past week before the Lunar New Year holiday, the European market dropped further amid slow demand and US prices were supported by supply tightness.
Chinese activity pauses ahead of holiday Slow activity in Europe prompts lower offer prices Supply tightness underpins US market China holds steady before holidayChinese domestic ferro-silicon prices were steady week on week despite low key trading while most dealers started to wind down activity ahead of the upcoming Lunar New Year holidays. "There won't be many deals now as it is before the holidays and most dealers will not be buying spot cargoes at this point," a trader said. Metal Bulletin assessed Chinese domestic spot ferro-silicon (basis 75% silicon) prices at 7,400-8,400 yuan ($1,174-1,332) per tonne on Friday February 9, flat from the previous week's assessment. The most-traded ferro-silicon contract price on the Zhengzhou Commodity Exchange settled at 6,636 yuan per tonne on February 9, down from last week's 6,644 yuan per tonne on February 2.The Chinese ferro-silicon export...