With no significant market catalysts and industry focus shifting toward major steel mills' new round of ferrosilicon tender pricing, the ferrosilicon market has stabilized temporarily, showing no notable adjustments in either futures or spot prices.

Current analysis indicates that raw material costs have seen slight upward pressure while remaining relatively high. Supportive factors include the slow progress of major steel mills' tendering processes, potential future demand growth, and reports of production cuts or shutdowns at some silicon plants in certain regions. These elements provide favorable underpinning for the ferrosilicon market. Consequently, some industry players show limited willingness to reduce prices for sales, with a minority even exhibiting a degree of price-supporting sentiment.

However, actual demand has yet to fully materialize, with most purchases remaining small and on-demand. Price pressure persists. As winter deepens, demand for ferrosilicon and other raw materials may face renewed challenges. Reports of steel mills in some regions reducing or halting production due to losses further weigh on the market. Consequently, ferrosilicon prices remain under pressure amid ongoing negotiations between buyers and sellers.

Data indicates: Yesterday's mainstream quotation for Ferrosilicon 75B remained around 5,250 RMB/ton, showing little change.

Additionally, as of 9:00 AM yesterday, cash delivered prices (tax-inclusive) for Ferrosilicon 75B in Henan, Hebei, Shandong, and Jiangsu ranged between 5,425-5,699 RMB/ton.

Overall, ferrosilicon prices are likely to remain in a stalemate in the near term, with little possibility of significant adjustments. Looking ahead, market participants should closely monitor not only the pricing outcomes of major producers' upcoming ferrosilicon tenders but also shifts in supply-demand dynamics (production levels at regional plants), raw material price trends (latest electricity pricing settlements), futures market performance, and news developments.

As an integrated internet platform providing benchmark prices, on December 3, the benchmark price of ferrosilicon from SunSirs was 5122.86 RMB/ton, an increase of 0.50% compared with the beginning of the month (5097.14 RMB/ton)..

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

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