Analysis of price variation of ferrosilicon

[ferrosilicon] ferrosilicon futures opened on the 13th slightly up, spot 72# price little change, natural block in 72#7350-7500 yuan/ton cash, standard block (10-60mm) 72#7450-7500 yuan/ton cash, 75# price is relatively chaotic, driven by the metal magnesium price, 75# iron Shaanxi Dachang 13 daily price 8500 yuan/ton cash factory, up 300 yuan/ton compared to 12 days.

Steel bidding: He Steel inquiry 7800 yuan/ton has not been priced, Guangdong Yangchun pricing 7800 yuan/ton. The bidding volume of southern steel mills is not ideal, some mills in the north have incremental purchase. The reduction of stainless steel factory is obvious.

Magnesium: magnesium ingot market high in the morning temporarily stable at 26000 yuan/ton cash, since the price rose to more than 24000 yuan, high price transaction to follow up reduced. In the recent city of Fu Valley factory to carry out the orchid carbon rectification inspection, practitioners on the future bullish bearish have, this week the magnesium market may be in a stalemate, attention to the recent orchid carbon rectification new news.

Hainan West Asia Import and Export Group summary: The supply of ferrosilicon is basically stable. Steel mill performance on demand is not ideal, magnesium metal profit recovery short-term procurement enthusiasm increased, but we need to pay attention to the shutdown of magnesium factory at the end of the month. The circulation volume in the trade market is slow, and traders are not willing to stock up. It is expected that the 72# market of ferrosilicon will run temporarily, while the 75# market needs to pay attention to the follow-up of the transaction and the shutdown of the magnesium plant at the end of the month.

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