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  • Asian ferrosilicon prices firm to $1,340-$1,360/mt as demand rises

    S&P Global Platts assessed the Chinese 75% Si ferrosilicon price at $1,340-$1,360/mt  FOB 

    China Thursday, up from $1,310-$1,340/mt a week earlier, as spot export demand picked up. 


    Rising  Chinese  domestic  demand  and  prices also added support to the export market this 

    week, sources said. 


    Producer and trader offers stood at $1,350-$1,370/mt FOB on Thursday, with tradable levels 

    mostly indicated at $1,350/mt. 


    A  Ningxia  producer  said  he  sold  at $1,340/mt FOB  China  on Thursday, for 300 mt, mid-

    November cargo, to be delivered to Busan, South Korea. 


    "We offered at $1,350/mt and closed at $1,340/mt. We still have supply available and are still 

    quoting $1,350/mt for now," the producer said. 


    An  Asian  producer said Thursday he was in talks to sell at $1,360/mt CIF Taiwan basis, and 

    put FOB China prices at around $1,350/mt. 


    Three  other  Chinese  producers  and  trader  also  indicated  current tradable spot price at 

    around $1,350/mt on Thursday. 


    Domestic Chinese ferrosilicon prices were heard mostly at Yuan 6,700/mt ($1,011) ex-works 

    basis on Thursday, up from around Yuan 6,300-6,400/mt last week, sources said.

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