Ferro Silicon Prices Rise Steeply on Robust Demand
Indian Ferro Silicon producers raised their prices aggressively on healthy demand.
“The current trade levels are considerably high which prompted us to raise our offers,” said a source justifying the sharp rise in Ferro Silicon prices.
“It was very much expected as buyers are replenishing their stocks,” commented another source referring to the present scenario.
Producers are low on inventory as most of them are booked in advance and with increasing demand, there has been a short-supply situation.
The current market is observed to be very volatile as deals are heard to have been concluded at various prices. SteelMint assessed Ferro Silicon offers at INR 92,000/MT (ex-Bhutan) and (ex-Guwahati).
The overseas demand for Ferro Silicon is also encouraging with Europe restocking for Q4, being the prominent market presently.
The export offers are assessed to be unchanged at USD 1,320/MT FOB Kolkata with deals were concluded in advance earlier. However, participants expect the offers to rise for October shipment.
Moreover, a producer mentioned about the logistical issue due to the limited number of vessels which results in an additional exporting cost.
Moving ahead, market participants are of bullish sentiment expecting the prices to skyrocket in the near future.
source: SteelMint
Top News
Five last month
Two last year
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Abandoned copper mines embraced as fast track to boost output
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Mercuria eyes equity in African assets, new metals boss says
Glencore posts lower metals output for first nine months, reiterates outlook
Gold price surge adds glitter to tarnished miners
Traders see gold as a surefire bet as coin-toss election looms
Anglo American sells Australian coal JV stake for $1.1 billion
Gold price shows little reaction to jobs data
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
Liberty Gold advances Black Pine project permitting
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years