Ferrosilicon and coal prices have partially retreated from earlier highs, reducing production costs for magnesium smelters. Lower ferrosilicon costs ease input pressure but remain elevated, contributing to widening cost-price inversion for primary magnesium producers. This cost movement supports downward pressure on related alloy markets.
Domestic high-purity quartz sand prices remained stable over the past week, with crucible and quartz sand prices holding firm despite continued inventory buildup. Operating rates are expected to decline further in October due to weak Q4 demand and ongoing oversupply, prompting producers to cut output. The stable pricing comes as imported sand circulation improves, potentially impacting domestic sand prices.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Ferrosilicon | China | FOB | USD 818.70/MT | August 2026 |
| Ferrosilicon | India | FOB | USD 1,028.50/MT | August 2026 |
| Ferrosilicon | USA | FOB | USD 2,197.15/MT | August 2026 |
| Ferrosilicon | Germany | FOB | USD 1,477.54/MT | August 2026 |
| Ferrosilicon | Australia | CIF | USD 913.37/MT | August 2026 |
| Ferrosilicon | China | FOB | USD 813.24/MT | July 2026 |
| Ferrosilicon | India | FOB | USD 1,019.32/MT | July 2026 |
| Ferrosilicon | USA | FOB | USD 2,203.15/MT | July 2026 |
| Ferrosilicon | Germany | FOB | USD 1,457.20/MT | July 2026 |
| Ferrosilicon | Australia | CIF | USD 911.70/MT | July 2026 |
Stay updated with the latest Ferrosilicon prices, historical data, and tailored regional analysis
In China, the average monthly Ferrosilicon price was ~USD 1,167/MT in June. India recorded an average Ferrosilicon price of ~USD 1,255/MT during June. Chinese ferrosilicon values were supported by higher production costs, particularly from semi-coke and electricity expenses, which increased pressure on producers. However, improving supply availability limited the ability of suppliers to push for higher offers. Production recovery during the quarter helped maintain sufficient availability, while moderate steel-sector demand kept purchasing activity cautious. Export demand provided additional support as Chinese suppliers continued to receive overseas buying interest, helping maintain market stability. The export market remained an important outlet for producers, balancing softer domestic steel demand. By June, the market shifted toward consolidation as supply conditions improved and cost support weakened.
Analyst Insight
According to Procurement Resource, ferrosilicon prices are expected to remain broadly stable, supported by export demand and production costs, while adequate supply and moderate steel consumption may limit significant upward movement.
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In Q1’26, ferrosilicon prices witnessed mixed trends globally. Ferrosilicon prices in Asia declined in February as steel mills limited purchases to immediate production requirements, while inventories accumulated following the Lunar New Year holiday period. Market sentiment improved in March as rising semi-coke costs, elevated freight expenses, and tighter spot availability encouraged suppliers to raise offers. Production economics also became less favourable due to higher energy-related costs linked to disruptions in Middle East shipping routes. Buyers largely avoided building inventories and continued purchasing only for short-term requirements. Trade flow pressure intensified after vessel movement through Hormuz dropped sharply, with only nine vessels navigating the strait on March 2 compared with 135 vessels/day during February, contributing to concerns over raw material availability and logistics costs across the ferroalloy supply chain.
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.
FeSi
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.
Iron-Silicon Alloy
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
CurrencyUS$ (Data can also be provided in local currency)
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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.
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