Views: 0 Author: Jenny Publish Time: 2024-05-25 Origin: Site
Price has always been a concern of buyers, who worry about unnecessary losses to their own economy caused by large price fluctuations when buying products. So how to buy high quality products at the lowest price?
This requires buyers to pay attention to changes in product prices at any time, and predict the future direction of prices according to the product-related situation. Next I will tell you the price trend this week:
2024-5-24：As more downstream buyers began to make purchases in the past two weeks, China's ferrosilicon market activity is frequent, but suppliers are refusing to accept any price reduction requests from buyers.
At present, China's mainstream 75%min 200-500mm ferrosilicon prices remain at 7,700-7,900 yuan/ton (1,062-1,090 US dollars/ton) factory cash prices, the past two days have not changed. As suppliers are reluctant to cut prices, industry insiders predict that ferrosilicon prices will remain firm in the coming days.
Due to active enquiries from domestic steel mills and tight supply in the spot market, the mainstream transaction price of ferrosilicon 72%min 10-50mm in the Chinese market this week rose slightly by 200 yuan/ton to 6,900-7,100 yuan/ton of factory cash.
Cisa statistics show that in the first ten days of May 2024, key steel enterprises produced a total of 21.914,900 tons of crude steel, and the daily output of crude steel in this ten days was 2.191,500 tons, down 0.36% from the previous ten days.
Prices have been rising in the past two weeks and suppliers are also having a hard time setting prices, and prices are likely to remain firm in the coming days, with an upward trend.
