Ferro Alloy Market Update

12/11/2024
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Ferrosilicon:

The ferrosilicon market is stable but weaker. Fluctuating futures prices have affected market sentiment, and traders are being cautious and reluctant to make large decisions. Demand remains sluggish, and the seasonal low-demand period is becoming more noticeable. The market is expected to continue in a narrow, weak downtrend in the short term.

Metal Magnesium:

Metal magnesium prices continue to decline gradually. The supply-demand imbalance remains significant, and the raw materials market is also weak. Without any positive support, magnesium prices have reached their lowest point in over three years. Downstream demand remains cautious, and the market is likely to stay weak in the short term.

Metal Silicon:

Metal silicon prices remain stable, with no significant fluctuations. Both supply and demand are in a stalemate, and the market’s future direction is still unclear.

Electrolytic Manganese:

Electrolytic manganese prices remain stable but weak. The market lacks strong support, and activity is slow. Some steel mills are in a standoff over tenders, with pricing yet to be finalized.

Silicon Calcium:

Silicon calcium prices remain stable.

Silicon Barium:

Silicon barium prices remain stable.

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