Ferrosilicon as an important metallurgy material, it has a wide range of applications, not only can it be used as a Deoxidizer and desulfurizer in steelmaking, but it can also be used as an Inoculant in the casting industry. In recent years due to the impact of international policies and different policies in different countries, the price of ferro silicon has changed. According to the data, ferrosilicon prices will be stable in 2024, so Will the price of ferrosilicon fluctuate significantly in 2025? What is the market situation like? This article mainly introduces the price of ferrosilicon in 2025.
Ferrosilicon Price Review in 2024
Ferrosilicon price review in the first half of 2024
Ferrosilicon demand was low in the first half of the year, Trading volume continues to be weak. The demand for ferrosilicon is still weak in January. Although the steel mills’ winter storage bidding is sparse, the overall price of ferrosilicon is high. Supported by costs, the price is stable but weak at 1,260 USD/ton.In February, ferrosilicon transactions remained light, and the price fell to 1180USD/ton. In March, ferrosilicon transaction volume still did not improve,, and the transaction fell to around 1160USD/ton, and the decline widened significantly.
In April, the price of ferrosilicon continued to fall to 1130USD/ton, the lowest price since 2024. In May, the price of ferrosilicon rose significantly, and the transaction reached 1260USD/ton; but it was mainly driven by the increase in iron ore prices, and actual demand has not increased significantly. In June, the price of ferrosilicon rose to 1300USD/ton, the highest in 2024. In the first half of 2024, the price of ferrosilicon generally showed a trend of falling first and then rising.
Ferrosilicon price review in the second half of 2024
Since the second half of the year, ferrosilicon prices have gradually fallen since June, reaching 1,300 USD/ton. On the one hand, this is due to the impact of national policies, with export tariffs increasing in various countries. On the other hand, as Christmas approaches, steel mills stop purchasing, and suppliers accumulate inventory, forcing prices to fall.
In 2024, the overall price shows a trend of first falling, then rising, and then falling again, with the highest price being 1300USD/ton for ferrosilicon 72 in June.
Ferrosilicon price and market forecast and analysis in 2025
It is expected that the price of ferrosilicon will show an upward trend in 2025.
- The first aspect, Russia and Ukraine are at war, and Israel and Palestine are also at war.After the war, there is a need to increase infrastructure construction, such as housing construction, railway construction, high-speed rail construction, etc. This will increase the use of steel, and the demand for ferrosilicon will increase greatly. Ferrosilicon is in short supply and the price will rise.
- The second aspect is the development of the automobile industry. It is expected that by 2025, the automobile industry will flourish in various places, especially new energy vehicles. The manufacturing of automobiles will inevitably increase the demand for steel, thereby affecting the production, price and demand of ferrosilicon.
In summary, the overall market situation of ferrosilicon is relatively optimistic by 2025, and the price of ferrosilicon will be between 1250USD/ton and 1450USD/ton.