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Accoding to the latest news, HBIS, in recent period, released the latest bidding volume on ferrosilicon, showing a bit of rising on the basis of Feb. In light of 2025 bidding of the still mill, it is estimated that bidding price of ferrosilion in March of 2026 lilkely to hold around at RMB5,600-5,800/mt ex-work price and key influences as follows:
Raw material cost support
It is reported that semi-carbon and silica, as major producton cost, maintained at unchanged. among of this, RMB1,200-1,300/mt in Inner Mongolia for semi-carbon and RMB80-100/mt in NIngxia for silica, which provide strong cushion on ferrosilcion market.
Up-and-down stream market
Apart from upstream cost, market demand also play an important role on the future tendency. Trandtional peak season during March would bring about some positive affect on market, but still need some time.
Future and Spot market
On 4th of March, major contract on ferrosilicon settlement price located at RMB5,806/mt with a growth of RMB42/mt from yesterday. Future market, to some degree, plays some guide on spot market.
Recent Tendency
Major production areas, mainstream ex-factory price in Ningxia lingered around RMB5,560-5,750/mt in early of March with an increasing of RMB50-100/mt at least from last month. Tranditional peak season coupled with rising opertaion rate of steel mills would bring about ferrosilion need growth, especially in north east of China.
Imports and Exports
In 2025, ferrosilicon exports volume increased by 15% y-o-y, and Japan, South Korea and some Southeast countries as well as others served as major destination with a comparative higher quotation with the previous year.
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- [Editor:jyt]
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