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Ferrosilicon Price Trend and Forecast

Regional Price Trend

Get the latest insights on price movement and trend analysis of Ferrosilicon in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Ferrosilicon Price Trend for the First Half of 2023

In the Asian markets, the prices of ferrosilicon followed a fluctuating trend due to limited rates of production, as many of the manufacturing units went under maintenance. The release of shipments from the Asian ports also faced an unexpected delay that negatively affected the supply chain functioning and, in turn, the availability of ferrosilicon in the domestic and international markets.

Ferrosilicon Price Trends and Forecast

The market activities were, however, supported by a positive outlook of the supply-demand scenario. The growth of the ferrosilicon trend was backed by high usage and, in turn, demand for ferrosilicon from the low-cost, eco-friendly hydropower industries and related sectors.

The demand for ferrosilicon also accelerated with the rise in consumption and interest of consumers in the renewable sectors, where ferrosilicon acts as a cheap and strong alternative as compared to conventional metals. Further, the low production costs and lower input rates favored the rise in prices of ferrosilicon in the first two quarters of 2023.

Analyst Insight

According to Procurement Resource, the price of Ferrosilicon is expected to oscillate amid the poor market sentiments and increasing interest of users in environmentally friendly substitutes.

Procurement Resource provides latest prices of Ferrosilicon. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About

Ferrosilicon (FeSi) is a silicon and iron alloy where both chemical substances are mixed in varied ratios. It looks like a crystalline solid alloy metal which has no odour. It is flammable and can explode with oxidizing materials and emits toxic and explosive fumes in the presence of moisture. It is mainly used as an alloying component for deoxidation in steelmaking and magnesium processing.

Product Details

Report Features Details
Product Name Ferrosilicon
Chemical Formula FeSi
Industrial Uses In deoxidizing steel, manufacturing of other ferroalloys, in the metallurgical industry, for manufacturing silicon copper, semiconductors, ferrous silicon alloys, magnesium, magnesium ferrosilicon, as a component in electrode coatings for arc welding.
Synonyms Iron-Silicon Alloy
CAS Number 8049-17-0
Molecular Weight 112.02 g/mol or 28.0855 g/mol
Supplier Database China Minmetals Corporation, Ferroglobe, OM Holdings Ltd., Elkem ASA, Eurasian Resources Group, Ferro Alloys Corporation Limited (FACOR), Russian Ferro-Alloys Inc., SINOGU CHINA, VBC Ferro Alloys Limited
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

Ferrosilicon is produced by smelting a mixture of iron ore, coke, and silica in a high-temperature electric furnace. The coke reduces the iron ore, resulting in elemental iron. Silicon is added, reacting with the iron to form ferrosilicon. The molten ferrosilicon is then tapped, cooled, and solidified into ingots or granules.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

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Subscribe to Unlock Access

  • Price Across Multiple Locations
  • Market Insights
  • Download Data in Excel Format
  • Short Term Price Forecasts
  • Prices of More than 400 Commodities and Utilities

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

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