Ferrosilicon Weekly Review

After the National Day holiday, under the strong support of the cost side (blue carbon, electricity and transportation costs), the ferrosilicon spot market is running strongly this week; the downstream steel mills have obvious demand for stocking and replenishment, the market activity has increased, and manufacturers are less willing to sell at low prices , the sentiment of price support is strong; as the supply side has seen a decrease in supply and a shortage of inventory, enterprises in the production area continue to resume production. In terms of futures, the market opened on Monday, and the main contracts rose rapidly and sharply, but then returned to rationality. The spot trend has not been affected for the time being, but the market's cautious attitude has increased.

In terms of downstream steel mills, in the first ten days of October, the daily output of crude steel by key iron and steel enterprises in China Iron and Steel Association fell. Recently, due to the implementation of control measures in many places, the terminal demand for steel has been suppressed to a certain extent. However, industry analysts believe that the overall demand for the steel industry is still resilient and will not fall off a cliff.

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