FeSi terminal on demand market return to the fundamentals

Futures end: the main 01 contract of ferrosilicon closed 6624, the margin of +0.06%, up 4, a one-day reduction of 2522 lots; Spot end: After the return of silicon iron festival cautious wait-and-see mood. The main production areas of iron silicon 72 iron silicon natural block cash including tax factory 6250-6400 yuan/ton, 75 iron silicon price at 6800-7000 yuan/ton.
Supply: Today, the overall turnover of the ferrosilicon market is relatively general, the downstream wait-and-see sentiment is strong, manufacturers and traders offer high and low, not uniform, there are manufacturers offer slightly down, the current order situation in various producing areas is good.
Downstream: the market fever period has gradually receded, the macro expected regulation, there is not enough demand to be released, the market eventually returned to the fundamentals, the ferrosilicon National Day inventory data performance is relatively good, after the festival there is still a downstream restocking demand, the contradiction between supply and demand is not outstanding. Today, the metal magnesium market is stable and falling, and the early stage is supported by the cost end, as well as the impact of macro favorable factors, magnesium factory raised the price. However, due to the mismatch between supply and demand, market transactions were slightly light, and magnesium prices fell slightly. 99.90% magnesium ingot Shaanxi mainstream factory cash including tax 17800-18000 yuan/ton, the transaction price is about 17800 yuan/ton. Shanxi Wenxi magnesium ingot mainstream factory cash including tax 18100-18200 yuan/ton.
In general, the downstream demand for ferrosilicon still exists, but due to large market fluctuations, the downstream procurement rhythm is slow, cautious on-demand procurement is the main, there are also insufficient post-holiday demand follow-up, and the market shipment situation is general.

Request a Quote

We receive enquiries in English, Español (Spanish), Français (French) and العربية (Arabic).Our professional team will reply to you within one business day.Please feel free to contact us!