This morning, market news reported that Ningxia Sanyuan Zhongtai has completely halted production of its 8*45,000 ferro silicon furnaces today due to underground pipeline damage in its power generation equipment. Coupled with the current weak ferro silicon market conditions, the company has already entered a state of financial loss. The specific time for resumption of production will depend on circumstances after the Chinese New Year.
The production halt impacts daily output by 1,200–1,300 tons. Given that overall supply pressure in the market is not yet significant, this complete production stoppage at such a large plant provides a favorable stimulus to the ferro silicon market.
