China FerroSilicon Price Trends

Due to stable market transactions, the mainstream transaction price of Chinese silicon iron 72%min 10-50mm today is concentrated between 5,950-6,150 CNY/MT EXW Price, which is consistent with the beginning of this week. Producers are stabilizing prices to maintain steady shipments, and industry insiders expect the Chinese silicon iron market to maintain its current trend this week.
A producer in Shaanxi revealed that today, the price of silicon iron 72%min 200-500mm is quoted at 6,000 CNY/MT EXW Price, and no counteroffers are accepted. No inquiries were received today. Yesterday, about 700 MTs were sold to a trader at a price of 6,280 CNY/MT cash on delivery, with an EXW Price of 6,000 CNY/MT. The producer stated, "Currently, downstream demand is stable, and we will maintain prices to stabilize shipments," and they expect the mainstream transaction price of Chinese silicon iron to remain at the current level for the next week.
The producer's annual capacity is 60,000 MTs, with an expected production of about 4,500 MTs in December, which is consistent with November. There is currently no inventory.
Another producer in Shaanxi has kept the price of silicon iron 72%min 200-500mm stable at 5,850 CNY/MT EXW Price since this week, with an acceptance of a 20 CNY/MT discount. Today, about 70 MTs were sold at 5,830 CNY/MT, and yesterday, about 70 MTs were sold at 5,850 CNY/MT. The producer stated, "Due to stable transactions and no inventory pressure, we will maintain prices this week," and they expect the mainstream transaction price of Chinese silicon iron to remain stable for the next week. This producer has an annual capacity of 80,000 MTs, with an expected production of about 3,600 MTs in December, which is consistent with November. There is currently no inventory.
For more products information or markets trends please contact Hainan West Asia.

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