Ferrosilicon prices continue to stabilize

Weekly: Ferrosilicon market analysis（3.04-3.10）

The ferrosilicon market price was stable this week. In March, the tenders for steel mills were completed one after another.

The tender price for northern China’s steel mills was 1155 USD/MT, and the tender price for southern steel mills was 1135USD/MT.

The market demand was gradually released and there was a marked increase in transactions compared with last week.

This week,

  • The EXW price of 72% ferrosilicon is 995USD/MT-1040USD/MT, and 1040USD/MT-1090USD/MT for 75% ferrosilicon .
  • The stock of 75% ferrosilicon is relatively tight.

Some ferrosilicon manufacturers said that if the price continues to fall, they will reduce production or shutdown maintenance.

Because ferrosilicon manufacturers say that “the price of ferrosilicon is basically equal to the cost of ferrosilicon.” But this week there is no shutdown.

It is expected that the stock of ferrosilicon will gradually increase next week, because the ferrosilicon traders also feel more “appropriate” for the price of ferrosilicon.

There may be a large number of traders will take action to purchase.

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