Ferro Silicon Market Analysis

Supply side: ferrosilicon futures shock weak operation, the spot market was basically stable in the morning, the afternoon fell sharply, the spot market trading began to weaken. The low price resources in the ferrosilicon market are frequent, the transaction price is weak, and the downstream inquiry is less. The factory price fluctuation space is limited, the whole is based on the delivery of early orders. The cost of blue carbon small material is reduced by 50 yuan/ton, and the cost of ferrosilicon is reduced.Downstream: With the recovery of steel mill profitability plus strong demand, the production enthusiasm has rebounded simultaneously, short-term supply and demand have increased, the latest bidding price of ferrosilicon market in the South is around 6700 yuan/ton, as a whole, in line with market expectations, and currently waiting for the landmark bidding pricing guidance. Today, the metal magnesium market is weak, affected by continued weak demand, and the market has increased the supply of low-cost goods, but there is no significant growth in transactions.

In general, although the current inventory reduction effect of ferrosilicon is more rational, the continuous shipment after the holiday is not smooth, making the price in a rational and slow correction state. With the oscillation of the ferrosilicon market, in the short term, the spot price of ferrosilicon or weak operation, for the late trend of ferrosilicon to maintain a cautious and stable attitude.