In recent years, the price of silicon metal in the Chinese market has experienced a fluctuating trend. However, the price of ferrosilicon, which is an alloy of iron and silicon, has remained relatively stable.
From 2018 to 2019, the price of silicon metal in China experienced a significant drop due to oversupply and a reduction in demand as a result of the US-China trade war. However, in 2020, the price of silicon metal started to increase due to an increase in demand, particularly from the automotive and electronics industries.
On the other hand, the price of ferrosilicon has remained stable in the Chinese market over the past three years. This is due to an increase in demand for ferrosilicon in the steel industry, which has offset any potential negative impacts from the trade war.
The changes in prices in the Chinese market have had a ripple effect on the global market. The price of silicon metal has been affected by the Chinese market in particular, as China produces over 70% of the world's silicon metal. The increase in demand for silicon metal in China has led to an increase in prices globally.
Furthermore, the changes in demand for ferrosilicon in China have also had an impact on the global market, as China is the largest producer and consumer of ferrosilicon in the world. The stable demand for ferrosilicon in China has led to a relatively stable price globally.
Overall, the recent trends in the Chinese market for silicon metal and ferrosilicon have had a positive impact on the global market. The stability of prices for ferrosilicon has helped to offset any potential negative impacts from the trade war, while the increase in demand for silicon metal has led to an overall increase in prices worldwide.
