Ferrosilicon August review

The price of ferrosilicon rose slightly, the market sentiment improved. The first news is the energy consumption news in Ningxia and Inner Mongolia in early August, which actually has no impact, the second is the price of electricity in Ningxia, the third is the price of steel in August, the fourth is the price of charcoal rose slightly, and the fifth is the production area has continued to resume production and supply has rebounded. At the end of the month, the mainstream market price of 72# 1250$75#1300$/ ton natural block factory, up 20$/ ton from July.

(Quarterly trend of ferrosilicon futures)

According to customs data, in July 2023, China's exports of ferrosilicon containing more than 55% silicon were 24898.292 tons, a decrease of 5366.037 tons from June, down 17.73% from the previous month. Compared with 57710.498 tons in the same period last year, a decrease of 32,812.206 tons, down 56.86%. Total exports from January to July 2023 were 242,100 tons, down 214,200 tons from the same period last year, down 46.94 tons year-on-year. Forecast next month, West Asia Metal Import and Export Group believes that the market in September mainly focuses on new production, electricity prices, steel recruitment and other situations, is expected to spot prices are still a small rise. For more information about ferrosilicon market in China, please pay attention to Hainan West Asia Import and Export Group