Ferro Silicon: Today, the spot price of ferro silicon is stable but weak. Due to lower cost support, many industry players feel bearish. As companies face increasing losses, they are likely to maintain their prices. In the short term, the focus is on cautious sales, and overall, the ferro silicon market is struggling, leading to low confidence in future demand.
ASIA METAL REFERENCE:
FESI 72 FOB 1250-1280 USD/TON
FESI 75 FOB 1270-1300 USD/TON
Metal Silicon: The price of metal silicon remains stable and strong. However, with more silicon factories in southern China shutting down, finding low-priced sources is becoming increasingly difficult. There is significant pressure to reduce inventory, which may temporarily hinder market improvement.
ASIA METAL REFERENCE:
SILICON METAL 553 FOB 1700-1740 USD/TON
SILICON METAL 441 FOB 1730-1770 USD/TON
SILICON METAL 3303 FOB 1850-1890 USD/TON
Silicon Manganese: The silicon manganese market is currently weak, with falling futures prices making transactions in the spot market challenging.
Metal Magnesium: The metal magnesium market is weak but stable, with prices at their lowest this year. While producers are less willing to cut prices further, sluggish downstream demand makes recovery difficult in the short term.
Electrolytic Manganese: The electrolytic manganese market is also weak but stable. Prices have been declining, and many participants are taking profits and choosing to buy only when prices rise. Downstream buyers are pushing for lower prices, creating a cautious atmosphere. While there is a risk of further weakness, a significant price drop is not expected for now.
ASIA METAL REFERENCE:
MN FLAKES 99.7% FOB 1770-1800 USD/TON
