Futures end: the main 05 contract of ferrosilicon closed at 6580, the margin was +1.01%, up 66, and the position was reduced by 9100 lots in a day; Spot end: The ferrosilicon futures market rebounded, driving the spot sentiment slightly better. Main production areas 72 iron silicon natural block cash including tax factory 6050-6200 yuan/ton, 75 iron silicon natural block 6400-6500 yuan/ton.
Supply side: The overall supply of ferrosilicon market continues to be tight, the proportion of manufacturers’ inventory is reduced, and it is maintained at a low level. The charcoal market is strong today. Yesterday, the Inner Mongolia market mainstream calcium carbide enterprises on the blue carbon small material purchase price after the first round of increase, the range of 33.9 yuan/ton, some enterprises have been adjusted, other enterprises have been adjusted to the main, the current factory prices are different, the price is 805-900 yuan/ton, small material prices 760-800 yuan/ton, coke surface mainstream price 580-650 yuan/ton, All ex-factory prices include tax and cash.
Downstream: Black futures rose in shock, steel profits recovered, the market mentality rebounded, and trading volume. The enthusiasm of downstream traders to take goods increased, and the market mentality improved slightly. Today, the metal magnesium market is running strongly, downstream procurement is slightly followed up, and manufacturers regain confidence. 99.90% magnesium ingot Shaanxi mainstream factory cash including tax 18400-18500 yuan/ton, transaction price in 18400 yuan/ton. Shanxi Wenxi magnesium ingot mainstream factory cash including tax 18600-18700 yuan/ton, other regions also follow the adjustment.
In general, as the inventory of the ferrosilicon market continues to fall, downstream demand is gradually released, the pressure on manufacturers is relieved, and confidence is gradually increasing. Short-term steel prices and market trends, iron silicon spot price game, spot prices or will be stable and volatile operation.
