The European standard grade ferro-silicon spot price was stable for the second consecutive week on Friday October 5 after suppliers held their offer prices following a few weeks of steady falls; US prices stabilized while the Chinese ferro-silicon price was rolled over due to the National Day holiday.
Europe market extends stability after run of losses Chinese market unchanged on inactivity Export demand for ferro-silicon stays strong European market extends steady trend Fastmarkets' weekly price assessment for ferro-silicon, lumpy, 75% Si, for major European destinations, was unchanged for the second week in a row at ?,?1,300-1,350 ($1,494-1,551) per tonne on Friday. The spot market fell to a new annual low three weeks ago after consumers settled some deals for quarterly delivery into December at around ?,?1,400 per tonne delivered. But the spot market has been steady since, with suppliers managing to stem price losses after a few deals done in the latest price range. The European ferro-silicon spot market was last at its current spot level in November 2017. European suppliers said they expect prices to hold at current levels through October and into November when consumer demand should be tested for any supplementary feed...