Ferrosilicon awaits the release of end-user demand

On the supply side, the number of producer manufacturers producing and processing enterprises has been increasing one by one, and output is growing. Today, the Lantong coal market is operating steadily. In the Shenmu market, small-lot prices are 685—750 yuan/ton; in the short term, the Lantong coal market may remain stable. In some ferro-silicon plants, profits are meager. The steel bidding season for March has basically ended, and the market is waiting to see the pickup of orders in April. Today, Hubei is 6160 yuan/ton with a quantity of 600 tons; Yunfu, Guangdong is 6300 yuan/ton with a quantity of 800 tons; Heyuan, Guangdong is 6340 yuan/ton with a quantity of 300 tons; total volume is 1700 tons, with all-cash, tax-included delivery to the mill. In the short term, replenishment demand is driven only weakly. Some traders are waiting for an opportunity to stock up and are not rushing to buy. Export transactions have clearly slowed down; some traders say their orders are down compared with February, and traders’ sentiment is negative in the near term. According to customs data, in February 2026, China’s ferro-silicon (Si>55%) export volume was 22,987.873 tons, down 30.18% month over month and down 9.24% year over year. From January to February, China’s ferro-silicon (Si>55%) total export volume was 55,911.944 tons, up 7.18% year over year. Overall, it is likely that after short-term bearish factors in ferro-silicon prices are gradually digested, the market will return to realistic pricing. The potential supply of ferro-silicon is greater than demand; to support further price increases, it is necessary to see continued release from downstream demand terminals. (Mysteel)