Tightness was beginning to show in the European market for ferro-silicon in the week ended Friday November 1, but prices in China held steady despite lower interest among potential buyers, and the US market remained flat.
European market steady but some sources start to notice tightness Chinese domestic alloy prices steady amid lower availability Chinese export market flat on reduced inquiries US market static on limited consumer buying.Europe steady but tightness starts to showThe European ferro-silicon market has been steady over the past week amid limited spot activity, with consumers looking toward price negotiations for 2020.Fastmarkets assessed the price of ferro-silicon, lumpy, basis 75% Si (scale pro rata), delivered Europe, at ?,?900-920 ($1,005-1,027) per tonne on November 1, unchanged from a week earlier.Despite the lack of trading, market insiders estimated that the price was at the top end of the range, although some higher offers were reported to be possible soon."Producers...