Ferro Silicon Analysis

Futures end: the main 01 contract of ferrosilicon closed 6304, a range of -0.79%, down 50, and a single-day increase of 1279. Spot end: iron silicon production capacity is loose, depressing prices. The main production areas of iron silicon 72 iron silicon natural block cash including tax factory 6000-6100 yuan/ton, 75 iron silicon price is 6650-6800 yuan/ton.
Supply side: Today, the iron silicon plate fluctuates downward, the transaction price is close to the low level, the spot market of individual producing areas due to low inventory, some businesses are reluctant to sell strong sentiment, and the price continues to be strong. The market speculative atmosphere is general, the current market expectations are too high, the spot follow-up is insufficient, and prices all over the country have fallen slightly. The price of carbon is temporarily stable in the short term, and the mainstream price of small and medium-sized materials in the current Fugu market is 860-1100 yuan/ton cash price including tax.
Downstream: Terminal demand is basically flat, the contradiction between supply and demand has not changed much, but the macro boost effect may decline, and the market is cautious about purchasing goods. At present, steel recruitment has entered the bidding, Xinyu Iron and Steel finalized the purchase price of 75B ferrosilicon in November to 6560 yuan/ton acceptance, down 140 yuan/ton from October, the amount of 1000 tons. Today's magnesium alloy market as a whole still continues the trend of weak operation, downstream enterprises pressure the price mentality is strong, the market wath-and-see atmosphere is strong, the volume is reduced, the trading atmosphere is light, the current market confidence is insufficient, magnesium alloy ingot Shanxi mainstream factory price of about 18600-18800 yuan/ton, Anhui mainstream factory price of 18800-19000 yuan/ton, The mainstream factory price in Guangzhou is about 19000 yuan/ton.
In general, the recent ferrosilicon market divergence, the spot market due to cost support, some businesses are reluctant to sell strong sentiment, downstream demand for ferrosilicon is still just need to purchase, in the supply side of the incremental is not obvious and downstream demand performance in general, it is expected that ferrosilicon market prices or will continue to shock mainly.

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