Ferro Alloy Market Update

17/10/2024
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Ferro silicon: Due to a slight decline in the ferro silicon market, market sentiment has gradually weakened, and the cautious and watchful atmosphere has increased. The standoff and bargaining between supply and demand is quite intense, and market players are waiting for the final tender pricing guidance.

Magnesium metal: The domestic magnesium metal price continued to see slight downward pressure, with some magnesium plants unwilling to lower their prices to sell. Downstream purchases are mostly based on demand, and the actual volume of transactions has not improved significantly. However, considering that the raw material prices are still relatively high, the production cost end still provides some support for the magnesium market. Therefore, the expected short-term decline in the market may be limited.

Silicon metal: The price of silicon metal has continued to remain stable, with no significant changes in the overall market recently. The futures market has continued to show minor fluctuations, and the underlying market conditions have not improved significantly. Downstream buyers are cautious in releasing their purchasing needs, with only a few transactions taking place at a time for immediate needs.

Ferro calcium silicon: The price of ferro calcium silicon is currently stable;

Ferro silicon barium: ferro silicon barium prices have risen slightly.

Electrolytic manganese: The electrolytic manganese market experienced a slight fluctuation and weakened decline, despite the continuous tender purchases by steel mills in recent days. However, the disparity in tender prices has led to divergent market sentiment and operating strategies, with both supportive sentiment and low-price selling coexisting.

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