Ferrosilicon market activity still needs to recover

Ferrosilicon quoted 72#1145$this morning, 75#1220, / ton of cash natural block factory, market inquiry transaction performance is general, traders pressure attitude is obvious. After the festival, the downstream demand recovery is slow, the factory is still facing the double pressure of inventory and capital, the price is weak and stable, and the activity needs to be restored. During the Chinese Spring Festival, the production of Chinese factories is basically normal, and some factories have stopped the furnace and switched to production. In general: from the cost side, due to the rise in electricity prices in some production areas, the cost is still supported. From the supply side, during the Spring Festival, a small number of ferrosilicon furnaces stopped and changed production, and the supply changed little, and the Spring Festival has inventory in hand, which still needs time to consume. From the demand side, the post-steel recruitment continues to promote, the magnesium plant demand is stable, the export volume is general, and the demand has not appeared bright spots. In the short term, ferrosilicon is concerned about steel recruitment and transactions, and the spot price is expected to adjust little.

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