The Chinese ferro-silicon market was stable in the week ended Friday November 16, extending a steady trend in line with supply and demand, while the European price moved downward because the quiet market encouraged lower offer prices.
China prices supported on stable fundamentals European prices fall amid quiet market US spot market inactive, focus remains on long-term contract negotiations.China sees steady tradingTrading in the domestic Chinese ferro-silicon market was stable last week, with ample supply and steady demand. Fastmarkets assessed the price of Chinese ferro-silicon, 75% Si, ex-works, at 6,600-6,700 yuan ($953-968) per tonne on November 16, unchanged since November 2."The domestic market mostly consumes our 72% silicon grade, and demand for that has been quite steady," a major producer said. "Stable demand is also likely in the coming winter, when transport and logistics costs will start to rise, so the steel mills usually buy more now and stock up for then."In the export market, Fastmarkets assessed the Chinese ferro-silicon export price steady at $1,260-1,290 per tonne on November 16.Offer prices were reported to have increased by about $10 to $1,300 per tonne, but trade prices...