Spot side
The transaction of ferrosilicon market remains low, manufacturers maintain orderly production, market sentiment is good, and shipments are mainly at appropriate prices. The price of 72 ferrosilicon natural block is 6450 yuan/ton, and the price of 75 ferrosilicon natural block is 6900-7000 yuan/ton.
Futures side
Today, ferrosilicon futures fluctuated at a low level, and the main contract futures 2409 closed up 0.78%, closing at 6752, up 52.
Demand side
Under the influence of high temperature and plum rain weather, terminal demand is difficult to improve, and the overall market mentality is not optimistic, waiting for the steel recruitment to enter the market for guidance. Near the end of the month, traders are under great financial pressure, and operations are mainly based on recovering funds.
Traders
The market of Anyang traders is generally trading. Due to the downside risk in the market, traders have a high risk of hoarding. The price of 72 ferrosilicon natural block is about 6300-6400 yuan/ton excluding tax, and the price of 75 ferrosilicon natural block is 6600-6700 yuan/ton excluding tax.
Outlook on the market outlook
In general, the market is currently in the traditional off-season, and the recent high temperature and rainy weather continues, so it is difficult for terminal demand to increase. The market demand for ferrosilicon is still average, and the downstream order volume has decreased. The operation is mainly to reduce prices and recover funds, so we should be cautious about the market outlook.
