04/11/2024
Ferrosilicon: Today, ferrosilicon prices are slightly weaker but stable. As futures prices continue to fluctuate and decline, the sentiment in the spot market is gradually becoming more rational. Ongoing weak demand from downstream sectors and relatively loose supply conditions significantly limit potential positive market developments. There is a prudent observation of future market conditions.
Metal Magnesium: The metal magnesium market continues to show a slight downward trend today, with the overall market performance remaining weak at the start of the month. Although production costs provide some support, magnesium producers have limited willingness to reduce prices. However, end-user demand remains weak, with downstream purchases primarily based on immediate needs. The deadlock and negotiation between supply and demand are still evident, and in the absence of any supportive factors to stimulate the market, some actual transaction prices are declining, reaching new lows for the year.
Metal Silicon: Metal silicon prices remain stable and firm. Although futures prices have experienced slight fluctuations, sentiment in the spot market remains supportive. With the end of the abundant water season in the southern regions, electricity production costs are increasing. Additionally, significant production cuts in Sichuan and Yunnan provinces suggest a relatively strong outlook for the future, although high-priced transactions still need further follow-up.
Silicon Calcium: Silicon calcium prices have slightly declined.
Silicon Barium: Silicon barium prices remain stable.
Electrolytic Manganese: The electrolytic manganese market continues to show weak stability, with a period of consolidation over the past week without significant fluctuations. Actual inquiries and transaction activity are not very lively, with both buyers and sellers adopting a cautious approach. The market atmosphere is relatively watchful, and the current stalemate is unlikely to be broken in the short term.