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Home > Ferrosilicon News > News Detail
Ferrosilicon News
SunSirs: HBIC Had Released Its October Ferrosilicon Pricing, but Demand Remained Stagnant
October 22 2025 10:33:15SunSirs(John)

Price trend

Last week, domestic ferrosilicon spot prices initially fell before rising. The slow progress of tenders at major steel mills led to a slight release of market demand. Furthermore, the industry's traditional peak season for demand had not yet passed, and the stable semi-coke market provided some support for operating costs. News of silicon mills reducing or suspending production in some regions led most companies to be less enthusiastic about lowering prices to sell more goods. Some downstream steel mills, already struggling with losses in rebar, had implemented maintenance and production cuts, potentially negatively impacting demand for raw materials like ferrosilicon. Furthermore, news of a reduction in raw material electricity prices had weakened cost support. Under these circumstances, ferrosilicon prices remained subdued, and buyers and sellers remained in a state of negotiation. According to the SunSirs Commodity Market Analysis System, on October 17, ferrosilicon (grade: FeSi75-B; particle size/mm: natural lump) was quoted in the Ningxia region between 5,100-5,200 RMB/ton, with an average price of 5,132 RMB/ton, down 0.08% from Monday. 

Influencing factors

Raw material semi-coke market:

Last week, the national semi-coke market remained stable, with companies offering firm quotes and some slightly raising their prices. Lump coal prices continued to rise slightly, providing a floor for semi-coke. Meanwhile, some companies halted production for maintenance ahead of the heating season, leading to a tight market supply. Furthermore, most companies maintained sufficient inventory and smooth shipments, further supporting prices. Major downstream calcium carbide companies had not yet announced any firm price adjustments this week. If coal prices continue to rise next week, semi-coke prices may see some room for a slight increase.

Operating Status

The ferrosilicon spot market continued to decline, making it difficult for manufacturers to sell goods. Companies in Inner Mongolia shut down furnaces for maintenance last week. However, due to high costs in other regions, while supply declined in the short term, it remained generally sufficient. As of October 16, the national operating rate (capacity utilization) was 35.48%, a decrease of 0.46% from the previous week. The average daily output was 16,115 tons, a decrease of 2.62%, or 434 tons, from the previous week.

Downstream Situation

Henan traders were experiencing generally sluggish market conditions. Some companies were citing difficulties in closing deals and were refusing to quote prices, resulting in subdued buying and selling sentiment. As of October 17, ferrosilicon inventories were low, leading some traders to adopt a wait-and-see approach. Regarding demand, steel mills were also expected to reduce production due to profits being on the brink of profitability. With the "Silver October" finished product peak season approaching, finished product prices may weaken again. Steel mills may further reduce production to meet profit targets. In October, Hegang's 75B ferrosilicon tender price was 5,660 RMB/ton, down 140 RMB/ton from the previous round. The asking price was 5,600 RMB/ton, compared to 5,800 RMB/ton in September.

Market outlook

In summary, ferrosilicon futures saw limited gains last week, as weak spot market demand kept prices from holding up. Ferrosilicon prices remained weak in the recent short times, with trading volumes underwhelming. A potential rebound from low levels is possible, but attention should be paid to positive macroeconomic policy news and November steel mill bidding results.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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