Ferro silicon Market Weakens, Prices Continue to Decline

Ferro silicon Prices Continue to Fall

This morning, the ferrosilicon market recorded further price declines due to weak demand and a cautious attitude among buyers:

• Ferrosilicon 72% (natural lump): 5,800-6,000 CNY/ton (≈ 795-822 USD/ton)
• Ferrosilicon 75% (natural lump): 6,150-6,250 CNY/ton (≈ 842-856 USD/ton)
• Ferrosilicon 72% (standard lump): 5,950-6,050 CNY/ton (≈ 815-830 USD/ton)

The futures market remains weak, with downstream buyers holding off on purchases, anticipating further price drops. Market inquiries are moderate, with no strong support for current price levels.

Ferrosilicon Production Update

Ferrosilicon production continued to rise last week, with daily output reaching 16,260 tons, an increase of 520 tons compared to the previous week. This growth mainly came from production increases in Ningxia.

Magnesium Market Continues to Decline

The magnesium market also remains weak, with a slight price drop in Shaanxi:

• Magnesium price in Shaanxi: 15,650-15,700 CNY/ton (≈ 2,144-2,151 USD/ton)
• Price decrease: 50-100 CNY/ton from the previous week

Demand from downstream industries remains low, and market transactions are sluggish. Industry participants are closely watching maintenance schedules of magnesium plants, as they may affect supply in the near future.

Market Outlook

Currently, the market lacks strong support, and overall sentiment remains pessimistic. Investors and businesses are waiting for potential government policies that could stimulate the market. In the short term, ferrosilicon and magnesium prices may continue to face downward pressure unless there are positive developments.