Ferrosilicon short-term disk range 6400-6700 yuan/ton
In the manganese silicon market, the decline in metallurgical coke prices led to the weakening of silicon manganese cost support, and the spot price declined slightly. The price in the northern region is 5650-5800 yuan/ton, and the price in the south is 5880-5950 yuan/ton. A east China steel mill bidding purchase price of 6030 yuan/ton. Enterprise inventories rose, steel orders decreased, so that silicon manganese manufacturers inventory backlog. The availability of manganese silicon inventory in downstream steel mills is 16.03 days. The cost of manganese silicon decreased, the inventory pressure increased, and the price showed a downward trend. Pay attention to buying opportunities around 6000 points, while watching cost changes and the situation of steel in April.
In the ferrosilicon market, affected by the decline in coke prices, production costs declined slightly. The spot cost of Inner Mongolia is 5971.5 yuan/ton, and the profit is about 78.5 yuan/ton. Qinghai region is expected to turn a profit, production profit increased to 23.5 yuan/ton. Iron silicon supply contracted, and downstream demand slowly recovered. April steel recruitment is coming, but the price is still falling. Recently, the bidding price of ferrosilicon in a steel mill in East China is 6600 yuan/ton. The upstream inventory pressure still exists, and the inventory of 60 ferrosilicon enterprises in the country is 71,200 tons. The availability of ferrosilicon inventory in downstream steel mills fell to 15.84 days. Supply and demand for ferrosilicon continue to improve, but costs remain volatile. In the medium term, it is necessary to pay attention to the starting point of the second quarter market, and the short-term disk range is maintained at 6400-6700 yuan/ton.
