[SMM News Flash] Ferrosilicon Contract Continues Downward Trend, Prices Decline by 0.59%

Published: Mar 5, 2025 16:44

Save

[SMM News Flash] The ferrosilicon contract fluctuated downward, with the most-traded ferrosilicon contract on March 5 further declining. The intraday low reached 6,064 yuan/mt, the high was at 6,106 yuan/mt, and it closed at 6,076 yuan/mt, down 0.59% from the previous day. The fundamentals of ferrosilicon showed no significant improvement, and market sentiment remained pessimistic. The ferrosilicon spot market lacked strong bullish factors, with semi coke small materials dropping nearly 20% this month. The cost side provided limited support, while ferrosilicon producers maintained high operating rates, and downstream buyers showed strong price suppression sentiment. Ferrosilicon prices are expected to remain weak in the short term.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

[SMM Tungsten Analysis] May Recap: Europe Tungsten Stabilizes at Highs, China Shows Bottoming Signs

In May, European APT prices held firm above $3,000/mtu amid tight supply, while scrap tungsten dropped sharply. China's tungsten prices rebounded late in the month as sentiment improved, though downstream demand remained soft. A cautious bottoming trend emerged.

2 hours ago

3 hours ago

Xinyu Longteng Fushun Tendered a Total of 184 mt of Ferromolybdenum on June 1

[Ferromolybdenum Tender Information] SMM reported on June 1: Xinyu Steel's tender plan on June 1: ferromolybdenum 60 mt, bid closing time: June 4, 2026, 14:20, delivery date: June 19, 2026. Longteng Special Steel's tender plan on June 1: ferromolybdenum 64 mt, bid closing time: June 2, 2026, 10:00, delivery date: June 20, 2026. Fushun's tender plan on June 1: ferromolybdenum 60 mt, delivery date: June 15, 2026.

3 hours ago

8 hours ago

Tungsten Market Fluctuated Upward at the Beginning of the Week, with Active Trading and Rising Prices

[Tungsten News Flash] SMM June 1: At the start of the week, the tungsten market mainly fluctuated upward. Upstream suppliers were bullish with firm offers. Downstream powder and cemented carbide plants actively inquired for restocking, and market transactions were active. Mainstream downstream enterprises actively picked up goods under long-term contract supply. In addition, enterprises supplemented with spot order procurement, and overall procurement volume increased notably. SMM 65% wolframite concentrates closed at 434,500 yuan/standard tonne (65%WO3 basis) today, up 8,000 yuan/standard tonne (65%WO3 basis) WoW Friday, with some transactions based on premiums over the online price. SMM APT closed at 685,000 yuan/mt today, with smelters mostly adopting a wait-and-see approach and suspending offers.

8 hours ago