Ferrosilicon Prices Remain Stable
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Ferrosilicon prices remain stable
At the beginning of the week, the market resumed, and the ferrosilicon futures market fell slightly. The factory quoted 72#5300-5400, 75#5850-6000, and 65#5050-5100 yuan/ton in cash for natural blocks ex-factory in the morning. The price remained stable and has not been adjusted yet. The large factories in Inner Mongolia have not stopped the furnace yet, so pay attention to the follow-up. Hegang asked for 5700 yuan/ton last week, waiting for the final pricing.
Today, the market price in Qinghai is 72#5300-5400, 75#5900-5950 yuan/ton in cash for natural blocks ex-factory. Most factories are in a state of avoiding peak production, mainly delivering orders, and there is no inventory pressure. Gansu 72#5400-5450 yuan/ton in cash for natural blocks ex-factory, and there are few general silicon production enterprises in Gansu.
Shaanxi 72#5300-5400, 75#5900-6000 yuan/ton in cash ex-factory, and some factories have inventory. Ningxia and Inner Mongolia 72#5400-5450 yuan/ton cash natural block ex-factory, some factories have spot.
For magnesium metal: magnesium factory quotations are stable with small adjustments, and some factories' quotations are loose at 17,400 yuan. According to feedback, it is difficult to trade at this price. According to actual order negotiation, there is a supply of 17,300 yuan in the market.
The downstream inquiry price pressure psychology remains unchanged, but the actual demand is not much released, and the upstream and downstream wait-and-see atmosphere is strong. Market support has weakened slightly, and magnesium prices may continue to be mainly slightly consolidated in the short term.
In general: This week, the market mainly focuses on changes in large factories and steel bidding pricing. Under the sluggish downstream demand, the positive impact of ferrosilicon production reduction is limited.
Address：Huafu Commercial Center, Wenfeng District, Anyang City, Henan Province, China
