Market performance
| 16th January | closing price | Daily fluctuation | Five-day fluctuation |
| ferrosilicon | 6702.00 yuan/ton | -0.09% | 0% |
Intraday news
In January, the bidding price of ferrosilicon at a steel mill in Jiangsu was 6900 yuan/ton
In January, the bidding price of ferrosilicon at a steel mill in Jiangsu was 6,900 yuan/ton, the quantity was 666 tons, and the acceptance included tax. (Mysteel)
Institutional perspective
Huatai futures: ferroalloy shock is weak, downstream procurement cautious
Manganese silicon, the main contract yesterday closed at 6356 yuan/ton, down 0.06%. At present, the overall production schedule of manganese silicon enterprises is insufficient due to profit compression, among which the spot in Inner Mongolia is relatively tight and the price game is strong. On the whole, manganese silicon maintains oscillating operation. In terms of ferrosilicon, the main contract yesterday closed at 6,694 yuan/ton, down 0.3%. Raw material prices fell slightly, the cost has declined, downstream procurement is more cautious, and the winter stock market has started. On the whole, the supply of ferrosilicon is stable, and the downstream is dominated by just demand and short-term shock operation.
