Manganese silicon (6526, 50.00, 0.77%), the price of upstream manganese ore decreased, the factory price of chemical coke decreased slightly, the production cost of manganese silicon decreased, the spot quotation went down, and the profit contracted significantly. Last week, the spot price of the north silicon manganese qualified block cash including tax self-offer 6150-6200 yuan/ton, the South mainstream offer 6300-6400 yuan/ton. In terms of inventory, 63 manganese silicon enterprises in the country have an inventory of 189,23 million tons (+ 14,300 tons), and the shipment is not smooth, and the storage pressure is greater. In terms of supply and demand, the supply of manganese silicon declined rapidly, with weekly production of 199,000 tons and operating rate of 50.61%, down 9000 tons and 2.65% from last week. In summary, the cost center of manganese silicon has moved down, the number of warehouse receipts is high, and the short-term disk oscillations are running.
In terms of ferrosilicon (6848, 34.00, 0.50%), the cost end of ferrosilicon declined slightly, the price of carbon fell, and the mainstream price of small carbon market declined (compared with -50 yuan/ton). The profit of Qinghai and Inner Mongolia production areas is about 229 yuan/ton, and the profit of Ningxia production area is -104 yuan/ton. In terms of fundamentals, the supply of ferrosilicon declined for three consecutive weeks, the production of ferrosilicon was 114,900 tons, and the operating rate was 38.66%, down 1,000 tons and 0.27% from last week. In terms of inventory, 60 ferrosilicon enterprises in the country have a small inventory of about 72,400 tons. The disk is driven by macro sentiment to hit the bottom of the cost rebound, but the winter storage demand has not entered, and the disk is temporarily viewed with shock ideas.
