LONDON Ferrosilicon prices continued to rise Feb. 15
after buyers were surprised by the impact on stocks of recent
Material traded at 1,090 to 1,140 ($1,456 to
$1,523) per tonne, delivered Europe, up from 1,080 to
1,120 at the beginning of the month, when prices had
risen by 10 at the high end of the range.
Ferrosilicon has gone up and is still going up. It has
caught a lot of people by surpriseus included, one
trader told AMM sister publication Metal Bulletin.
Weve been trying to buy, but its very
difficult. You cant get into this market now; we missed
Demand from the steel sector remains subdued, but mills are
still consuming and prices have gone up due to low stocks, one
producer source told Metal Bulletin.
The tightening supply follows a wave of ferrosilicon production
cuts in recent months at producers, including Norways
Elkem ASA and Chinas Erdos Metallurgy Group Co. Ltd.
Prices started to strengthen in late January, hitting
1,080 to 1,100 after holding at 1,060 to
1,100 since Nov. 23.
Ferrosilicon prices in the United States were trading at
92 to 95 cents per pound ($2,028 to $2,094 per tonne) last
, Feb. 15
A version of this article was first published by AMM sister
publication Metal Bulletin.