Ferrosilicon Price Trend Forecast
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Ferrosilicon currently has both bullish and short-term factors. First, black coke, iron ore, and rebar are rising. Steel mills are supported by strong costs, prices are rising, and sentiment resonates, driving the rebound of ferrosilicon and silicomanganese. Second, Ningxia holds the 2023 -In 2024, the region's winter and spring air pollution prevention and control action launch meeting will be held to increase supervision, law enforcement and assistance to effectively respond to heavily polluted weather, reduce polluted weather, and reduce pollution levels.
Third, the price of blue carbon continues to fall. The ex-factory price of Shenfu small materials is 1,180-1,250 yuan/ton, down 50-70 yuan/ton from the previous round. The cost center of ferrosilicon continues to shift downward. This morning, the factory quotations were 72#6650-6800, 75#7300-7400, and 65#6450-6500 yuan/ton of cash for natural blocks leaving the factory.
The drop in raw coal prices has driven down the price of blue charcoal. This week, blue charcoal fell by 100-130 yuan/ton compared with last week. The electricity price settlement has not yet been released, and this round focuses on the electricity price settlement situation in Shaanxi. Although the cost center of ferrosilicon has shifted downward, the performance of futures trading has been acceptable, supported by the continued rebound of downstream rebar. There is not much difference between the board price for receiving goods and the factory quotation, and the pressure on manufacturers has been relieved.
In general: there is no significant adjustment in the supply of ferrosilicon, the cost center of gravity has shifted downwards, the downstream rebar rebounded, which has certain support for ferrosilicon, there is no significant change in the production of magnesium metal, the export "involution" is obvious, and low-price competition continues , there are no new trends in policy, and ferrosilicon will maintain slight fluctuations in the short term.
| product | Trademark | quote | ups and downs | Remark |
| ferrosilicon | 72 | 1230-1270 | -- | FOB Tianjin Port |
| ferrosilicon | 75 | 1320-1360 | -- | FOB Tianjin Port |
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