A large steel mill in North China has been delayed in bidding for ferrosilicon, the ferrosilicon market wait-and-see atmosphere is not reduced, the market guidance is insufficient, the ferrosilicon market has basically maintained a stable trend in recent days, but under the demand for capital return at the end of the year, it also makes the market face a certain downward pressure.
01. Ferrosilicon spot
Transaction: the transaction situation of the ferrosilicon market still needs to be improved, at present, the downstream demand for ferrosilicon appears centralized release trend, which leads to the market inquiry activities and procurement atmosphere is relatively active. However, because downstream users tend to purchase at low prices and mainly to meet basic needs and ensure inventory safety, buyers and sellers in the market have formed a certain game atmosphere in the price negotiation.
Price: Today’s ferrosilicon 72# market price is more concentrated in the vicinity of 6400-6600 yuan/ton; Alloy Treasure index shows that the price of ferrosilicon 75B today is little changed from the previous trading day; Among them, Henan, Hebei, Shandong, Jiangsu and other places, the price of cash including tax package is concentrated in the vicinity of 6775-7001 yuan/ton.
02. Ferrosilicon futures
Today, the main SF2403 contract of ferrosilicon futures fluctuated, and the final closing price was fixed at 6702 yuan/ton, which was 10 yuan/ton lower than the closing price of the previous trading day, and the position was reduced by 159 hands on the day, with a total position of 319,175 hands. The number of warehouse receipts totaled 14328, an increase of 3160 compared with the previous trading day, and 294 effective forecasts. The SF2403 contract opened 6702 points, the highest was 6740 points, the lowest was 6664 points, the all-day amplitude was 76 points, and the disk finally recorded a cross star k line with a longer shadow line. Today, the main SF2402 contract MACD effective green column was slightly enlarged, and the trading volume was slightly reduced from the previous trading day. The immediate cost changed little, and the supply in the main producing areas remained weak and stable. On behalf of steel mills in January steel bid before the short-term suggestions to do more on the dip, the long-term pressure of ferrosilicon is still too large.
03. Summary
In summary, if there is no obvious factor to stimulate, it is expected that the short-term ferrosilicon market or continue stable fluctuations.
