Since the price of ferrosilicon rose by US$30-50 last week, the market price has been relatively stable in the past two days.
However, affected by the recent epidemic, heating and coal storage and other factors, the price of coke, one of the raw materials for ferrosilicon production, has risen. Combined with the trend of the futures market in the past week, the price of China's ferrosilicon market may continue to rise.
The rebound of ferrosilicon is due to the market expectation that some major ferrosilicon production areas will be affected by seasonal production restrictions, and the short-term bullish willingness has increased. On the other hand, the structure of ferrosilicon has shown signs of improvement recently. At present, it is near the break-even point. The willingness of manufacturers to support prices has increased, and the willingness to start construction has declined. In recent weeks, the growth rate of production has slowed down significantly.
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