Ferro Silicon Trend This Week

Domestic ferrosilicon prices posted a steady upward trend this week: market values edged up slightly before leveling off overall, with relatively mild price volatility. While the spread between futures and spot prices remained within a reasonable range, moderate hedging activities capped gains on the futures market. Upside momentum was constrained by weak steel demand amid the off-season and expanded supply. On the downside, rising electricity tariff costs and the release of rigid demand purchases provided price support. Against this backdrop, benchmark steel mills have delayed finalizing new tender prices, and procurement prices at smaller and medium-sized steel mills fluctuated erratically with alternating rises and falls. Further directional moves in the market outlook will likely hinge on price signals from steel mill tenders.