The price of ferrosilicon fell to a new low

Ferrosilicon today manufacturers offer little change, the morning market price of 72#1180$, 75#1260$/ ton of cash natural block factory, November ferrosilicon spot market rose first and then fell. In the first half of the month, the main plate of domestic ferrosilicon futures fluctuated upward, breaking the 7100 position, and the spot market price was slightly adjusted, 15$/ ton; In the second half of the month, the ferrosilicon futures continued to decline, and the weak demand in the off-season began to be realized, and the spot price was lowered by 15-30$/ ton. The recent production of ferrosilicon continues to be stable, but market transactions have weakened, the off-season demand is expected to weaken, and individual steel mills have entered the procurement at the end of the month. In the off-season coming, the winter storage policy is not yet clear, the spot operation of ferrosilicon still need to maintain a conservative attitude, even if there is a stage rebound, it will be the characteristics of the futures board to push up steel, the market to follow. In addition, under the pattern of weakening demand and cost of ferrosilicon steel, the game between the two sides has been strengthened to a certain extent. It is expected that the spot market of ferrosilicon in December will be weak.
 

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