Good news for ferro silicon as prices move up higher in Europe and Finnfjord closes a FeSi furnace for major maintenance.
In Europe, spot prices have climbed in the past week after third-quarter delivery settlements were concluded the week before. Metal Bulletin’s price assessment for ferro-silicon to major European destinations is €1,475-1,525 ($1,716-1,774) per tonne as of Friday June 29.
The market was €1,100-1,130 per tonne at the end of 2016.
Third-quarter delivery settlements for 2018 have been done around the middle of the current spot price range, with reports of several hundred tonnes of standard grade ferro-silicon being sold at €1,490-1,510 per tonne delivered.
OMH the only Ferro Silicon producer on the ASX, page-55
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