Futures end: the main 05 contract of ferrosilicon closed at 6524, with a range of -0.03%, down 2, and a single-day increase of 1072 lots; Spot end: River steel silicon iron bidding price, the market situation to wait and see. Main production areas 72 iron silicon natural block cash including tax factory 6200-6300 yuan/ton, 75 iron silicon natural block 6800-6900 yuan/ton.
Supply side: Recent iron silicon prices continue to fall, the market mentality is depressed, iron silicon market manufacturers to reduce production enterprises gradually increased, production gradually declined. Shenmu market carbon price stable and weak operation, the market basically implemented the decline, the small cash factory price including tax 860-920 yuan/ton. The unit price of iron oxide dropped to 945 yuan/ton, and the cost of ferrosilicon fell by about 50 yuan/ton compared with yesterday.
Downstream: in March, Hesteel 75B ferrosilicon bidding price 6750 yuan/ton, 1+ February pricing 7020 yuan/ton, down 270 yuan/ton from the previous round, manufacturers have followed the pricing. At present, market demand is still depressed, and steel strong expectations have turned to weak reality. Metal magnesium market weak operation, supply and demand slightly stalemate. Today, the metal magnesium market is weak, supply and demand are slightly deadlocked, the supply side continues to produce, and the downstream procurement intention is poor. 99.90% magnesium ingot Shaanxi mainstream factory cash including tax 17800 yuan/ton, the mainstream transaction price is about 17700-17800 yuan/ton. Shanxi Wenxi magnesium ingot mainstream factory cash including tax 18000-18100 yuan/ton.
In general, under the pressure of weak demand and high inventory, the market is expected to be more cautious and pessimistic, and the acceptance of high prices is still low. Manufacturers feedback high trading is not smooth, low-cost resources emerge, and the market trading atmosphere is cold. Short-term attention to the speed of destocking and the actual supply and demand situation, it is expected that the ferrosilicon market will continue to be weak and stable.
