Annual ferrosilicon summary

Early this year, ferrosilicon futures completed the main contract change month, driven by the strong rise in the price of black metal, ferrosilicon tray with the rise, 72# market price to follow the plate up, 75# in the supply increase, the demand has not changed, the market price down. Early market price 72#6650-6800, 75#7200-7300 yuan/ton of cash natural block factory, 72# part slightly increased 8 dollars/ton, 75# fell 25 yuan/ton. In the middle of the macro side, one is the end of the Fed rate hike cycle, the second is the National Development and Reform Commission to strengthen the supervision of iron ore, the third is the central environmental protection inspection team in Qinghai and Gansu, the news surface has long and short factors, but the impact of environmental protection is not big, individual factories stop furnace maintenance, futures still continue to fall after a short rise after repair, the plate supply gradually circulation, market sentiment is depressed, the downstream inquiry and transaction is negative, Purchasing attitude is cautious, wait-and-see sentiment is strong, the factory orders are generally accepted, the price is under pressure, and the market price is 72#6500-6700, 75#7050-7150 yuan/ton of cash natural block factory, down 100-150 yuan/ton from the previous ten days. Late raw materials blue carbon slightly loose, in December steel bid, market sentiment is still depressed, lack of good news stimulus, prices continue to fall, late market price 72# 6500-6700, 75#7000-7100 yuan/ton cash natural block factory, down 50 yuan/ton from the middle. The demand side needs to pay attention to whether there will be winter storage performance in December, and if the ferrosilicon market wants to improve, the key point is still to reduce supply.

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