China FerroSilicon market in September 2023

The ferrosilicon market is temporarily stable, the factory mainstream offer 72# 1270$, 75#1320$ natural block leave factory , the Mid-Autumn Festival and the National Day are approaching, the market inquiry and transaction atmosphere has weakened, the steel admission in October, the river steel issued a bid waiting for pricing. Ferrosilicon raw material carbon prices remain high, the second half of the ferrosilicon price outlook, from the cost point of view, the cost of ferrosilicon rose. From a supply point of view, ferrosilicon production will decrease in 2023. From the demand point of view, steel mills will remain stable, slightly down. Metal magnesium, exports and castings will all fall. The average price of ferrosilicon is expected to rise in October. Imports and exports of Hainan West Asia will continue to pay attention to changes in coal prices, factory starts, and inventory changes in the post-holiday market. For more ferroalloy consultation, please pay attention to Hainan West Asia Import and Export