Futures end: the main 05 contract of ferrosilicon closed 6398, a range of -1.87%, down 122, a single day increased 7740 lots; Spot end: the ferrosilicon market sentiment has deteriorated, and the fundamental trend is still downward. Main production areas 72 iron silicon natural block cash including tax factory 6100-6200 yuan/ton, 75 iron silicon natural block 6500-6450 yuan/ton.
Supply side: The ferrosilicon market performance is weak, although the spot price remains stable, but the market wait-and-see sentiment is more, some bearish sentiment. Some terminal stocking is not active, and the overall shipment volume remains at a low level. At the cost end, the Shenmu market is weak in the willingness to ship carbon at a low price, and the factory price of small materials including tax is 730 yuan/ton. The price of iron oxide is raised by 10 yuan today, and the factory price including tax is 955 yuan/ton, and the cost of ferrosilicon is not much.
Downstream: Mysteel statistics 247 steel mill samples expected in March, the total output of molten iron increased by 3.95 million tons last month to 68.82 million tons, the average daily output of molten iron decreased by 17,000 tons/day to 2.22 million tons/day, down 0.7%, short-term terminal demand recovery is still slow. Some traders feedback, ferrosilicon spot market trading performance is not good, futures and spot market prices are secretly declining. Metal magnesium weak stable operation, manufacturers refuse to ship at a low price. 99.90% magnesium ingots Shaanxi mainstream factory cash including tax 17600-17800 yuan/ton or so, some manufacturers due to continued losses, suspended quotation shipment. Shanxi Wenxi magnesium ingot mainstream factory cash including tax 18000-18100 yuan/ton.
In general, the terminal restocking is less positive than expected, near the end of the month steel recruitment slow entry, individual steel recruitment procurement, ferrosilicon market demand performance instability and other factors, the overall feedback of the spot market is still relatively general, the current price is still low, but the terminal demand is weak, high acceptance is not high.
