Ferrosilicon analysis

Futures end: the main 02 contract of ferrosilicon closed 6262, a range of -0.06%, down 66, and a single-day increase of 926 positions. Spot end: The ferrosilicon market is weak, wait-and-see sentiment is strong. The main production areas of iron silicon 72 iron silicon natural block cash including tax factory 5850-6050 yuan/ton, 75 iron silicon price of 6300-6400 yuan/ton.

Supply side: Today's ferrosilicon market shock operation, ferrosilicon supply side narrow adjustment, small inventory, limited contradiction between supply and demand. The raw material end of the carbon price stable operation, downstream mainstream and some mainstream calcium carbide enterprises reduce the small and medium-sized carbon material purchase price to 802.3-870.1 yuan/ton, short-term carbon enterprises to adjust the mainstream quotation.

Downstream: most steel mills are approaching, and the market trading sentiment is positive. However, after all, the demand is in the off-season, the persistence of demand is not good, the price in some areas remains unchanged, traders have a wait-and-see attitude towards winter storage, and the sentiment is weak, mainly to the warehouse. Today's magnesium alloy market performance is relatively calm, the supply and demand sides still maintain a wait-and-see mood, and the market price fluctuation is not large. The deal was a little more modest. The downstream demand situation continues to be weak, the end customers and buyers follow up slowly, and the small amount of replenishment is mainly based on demand, and the willingness to stock is not strong.

In general, the overall mentality of the ferrosilicon market is more cautious, although the demand is weak at this stage, but the spot inventory as a whole is OK, there is a bottom support for the price of ferrosilicon, there is no pressure on the fundamentals, individual ferrosilicon quotes have room for price increases, but the downstream acceptance of high price resources is not high, limited or narrow fluctuations.