Futures end: the main 09 contract of ferrosilicon closed 7152, a range of -2.16%, down 158, a one-day reduction of 11844 lots; Spot end: iron silicon futures lower, long and short game fierce, the main producing area 72 iron silicon natural block cash including tax factory 6800-7100 yuan/ton, 75 iron price of 7600-7800 yuan/ton.
Supply side: the black futures are unstable today, the iron silicon plate is slightly oscillated down, and the plate is driving market sentiment, so compared with the previous two days, the spot market price has a dark decline, and the manufacturers are still scheduled for production, and the schedule is about one month. The price of carbon in the Shenmu market of raw materials is stable, and whether the upward demand will continue in the later stage needs to pay attention to many factors.
Downstream: the downstream destocking of the terminal is OK, the enthusiasm of the steel mill to resume production is neutral, the output increment continues to boost the raw material end, and the downstream demand forms a positive feedback on the price of the charge. Traders market today point price transactions increased, the basic just need to prevail. Today, the metal magnesium market is running strongly, the manufacturer’s quotation is stable, and the downstream watch is slow to follow up the procurement. 99.90% magnesium ingot Shaanxi mainstream factory cash including tax 18600-18700 yuan/ton, transaction price in 18500-18600 yuan/ton. Shanxi Wenxi magnesium ingot mainstream factory cash including tax 18700-18800 yuan/ton.
In general, the actual spot transaction price as a whole due to the decline in futures has been adjusted, the industry to see the mentality of ups and downs, traders are still mainly to ship back funds, with a cautious attitude to the future market. At present, the market demand is stable, short-term attention to the impact of disk and steel pricing, the recent ferrosilicon market may shock operation.
