Supported by high production costs, domestic mainstream prices of ferrosilicon 72%min and 75%min remain stable.
Due to sluggish demand but stable domestic prices, the mainstream price of 75% 10-50mm ferrosilicon in China was the same as yesterday. Industry insiders believe that due to weak demand, the price of 75%min ferrosilicon will fall slightly in the next week.
Due to power shortages, the mainstream price of 70%min 25-150mm ferrosilicon in India increased compared with last week. Industry insiders believe that due to tight supply and upcoming purchases by steel mills, the mainstream price of ferrosilicon 70%min in India will further rise in the coming week.
Purchasing volume increased after the holidays, and the price of 75%min ferrosilicon in Europe increased.
The market is more active after the holidays, with 75% min ferrosilicon prices in the United States rising this week.
The price of 65%min ferrosilicon in Russia remains unchanged. This week, Russia’s 65%min export price is the same as the domestic price.
