Ferrosilicon price is running weak (3.26-3.30)

This week (3.26-3.31), some steel mills have conducted the ferrosilicon bidding for April.

From the analysis of the tender price and the number of tenders, there will be a decline from March.

This puts a lot of pressure on the current price of ferrosilicon.

This week, the price of ferrosilicon in the main producing region as follows:

  • Large ferrosilicon manufacturers 72% ferrosilicon EXW price 995USD/MT, small ferrosilicon manufacturers EXW price 950USD/MT.
  • Large ferrosilicon manufacturers 75% ferrosilicon EXW price 1045USD/MT, small ferrosilicon manufacturers EXW price 995USD/MT.

The actual transaction price varies from region to region. The prices in Qinghai and Shaanxi are relatively low, and the prices in Ningxia are relatively high.

At present, the market price has already fallen to the cost line of the ferrosilicon manufacturers, and some manufacturers in the main production areas of ferrosilicon have started to production in sub-periods to lower the cost of products.

The ferrosilicon bidding work of the steel mills will begin in April next week.

It is expected that the bidding prices of the northern steel mills will be around 1010USD/MT-1045USD/MT, and it is expected that the market will continue to operate weakly next week.

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