07/02/2023
The mainstream market price of ferrosilicon today is 72 #7800-7900CNY , 75 #8250-8300 CNY, 65 #7600-7700 yuan/ton in cash, and the standard block 72 #7900-8000 yuan/ton in cash. The price of bulk supply is lower. Now the company ships Zhongning warehouse 10-50 grain size 03-200; Zhongning warehouse 10-60 grain size 03-230; Zhongwei 03-260; Jiangsu 03+160; Tianjin 03+50. The rhythm of market transactions is still normal, and the wait-and-see mood is strong.
At present, the market performance is tangled. On the supply side, the monthly output of ferrosilicon in January was 515,000 tons, and the demand side is gradually recovering. However, the start time of downstream manufacturers this year is generally later than in previous years. There is no significant change in ferrosilicon raw materials. The prices of silica, semi-coke, and iron oxide sheet are relatively stable. In terms of electricity prices, the electricity prices in the main production areas have been settled in January. Manufacturers in the Zhongwei area of Ningxia reported that the electricity prices rose slightly by 2-3 points, and the off-peak electricity prices were 0.478- Between 0.49 yuan/degree, and the full load is above 5 cents. Inner Mongolia Junzheng's 10 small furnaces are expected to stop production and withdraw from the market in the middle and late ten days, and the affected output will be about 10,000 tons. The furnaces that resumed production in Ningxia from January to February will make up for this part of the output. The import of Australian coal resumes, domestic coal prices are expected to fall, and the drop in coal prices will also drive down the price of semi-coal. In the later stage, it is necessary to pay attention to the trend of coal prices at any time.
In general: the ferrosilicon market pays close attention to the progress of steel recruitment in the short term, and Huabei Hegang will release bidding documents in the near future. From the perspective of expectations, there are both long and short factors, and the futures market trend is relatively tangled.