Ferrosilicon market operation this week

Spot side

The ferrosilicon market has warmed up, the market demand is weak and stable, the cost price is close to the selling price, and the manufacturers are willing to support the price. The 72 ferrosilicon natural block in the main ferrosilicon production area is 6000-6100 yuan/ton, including tax, and the 75 ferrosilicon price is 6500-6600 yuan/ton.

Futures side

Today, ferrosilicon futures opened high and fell back. The main contract futures 2501 closed up 1.08% to 6202, up 66.

Demand side

Market demand has improved slightly, but the overall demand is still weak. Terminal purchases are mainly wait-and-see, with small quantities and multiple times, and the transaction is general. Steel bids have been put into the bidding market one after another, and terminal purchases have been released. The downstream began to purchase goods in a rhythmic small range before the holiday. The overall 72 ferrosilicon standard block bidding is priced at about 6500 yuan/ton, including tax.

Traders

Anyang traders have different market attitudes. Some low-inventory traders are not willing to replenish their inventory, and the market transaction performance is general. The tax-free price of 72 ferrosilicon natural block is 5750-5850 yuan/ton, and the tax-free price of 75 ferrosilicon natural block is around 6300 yuan/ton.

Outlook on the market outlook

In general, ferrosilicon market merchants generally lack confidence in the market outlook, and the expectations for terminal demand are always at a low level. The operation is mainly based on shipment at a suitable price. Therefore, it is expected that the market price of ferrosilicon may continue to fluctuate, waiting for the entry of the iconic steel bidding.