This week, the ferrosilicon futures market rebounded, leading to a slight improvement in spot sentiment. Main production areas 72 iron silicon natural block cash including tax factory 6000-6200 yuan/ton, 75 iron silicon natural block 6300-6400 yuan/ton. Anyang traders market 72 iron silicon natural block excluding tax price 5850-5900 yuan/ton, 75 iron silicon natural block excluding tax around 6100 yuan/ton.
On the supply side, this week, Shaanxi ferrosilicon furnace production maintenance enterprises more, this week’s supply reduction. This week (4.4) Mysteel statistics of 136 independent ferrosilicon enterprises sample: the operating rate (capacity utilization rate) of the country 30.84%, 2.45% lower than the previous period; The average daily output is 12,620 tons, down 851 tons from the previous period. At present, manufacturers still have uncertainty about the price increase of ferrosilicon, wait and see or schedule production, and there is a certain digestion on inventory. The cost of raw materials has increased slightly, but most companies can still continue to produce, and the short-term supply of ferrosilicon has not changed much.
Demand last week five steel varieties supply 865.21 tons, an increase of 95,100 tons week on week, an increase of 1.1% after the strong market sentiment on ferrosilicon prices this week, the overall buying enthusiasm is better, the market is not stable enough, most trading enterprises are expected to sell weak; The current company is rising on the plate, and the transaction is better.
In general, the ferrosilicon market futures continued to rise, and the market trading sentiment showed signs of improvement. However, subject to the low profit level of steel mills and social inventories, the supply and demand game is intensified, the cost supports the price of ferrosilicon, if there is no good news from the outside world, the space for a rebound of ferrosilicon is limited.
