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[Ferro Alloy Weekly] Raw material costs continue to rise, ferro alloy prices perform brilliantly

[Ferro Alloy Weekly] Raw material costs continue to rise, ferro alloy prices perform brilliantly

Raw material costs continue to rise, ferro alloy prices perform brilliantly

Anyang Weiyuan Alloy provides professional ferro alloy price information, high-quality products, and excellent delivery services.

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Market Details

Performance of ferro alloy price


Market quotations continue to break new highs, and manufacturers are reluctant to sell. The issue of Australian ore shipments continues to ferment, further deepening domestic concerns about the tight supply of Australian ore. Overall, silicomanganese production has rebounded recently, but the absolute value is still low. Affected by the expected reduction in supply side, manganese ore prices and costs have increased significantly. Steel plants are in the rhythm of resuming production, demand performance is good, and inventories have appeared. The phenomenon of falling back from high levels.

 

The strong performance of silicon manganese prices in the short term is more affected by the supply of mines. In the long term, high inventory and excessive production capacity will still be the key factors suppressing prices. Ferrosilicon production is at a seasonal low and is expected to rebound. With the rigid demand of steel mills resuming production, traders’ quotations have generally stabilized, transaction prices have less fluctuations, and factory inventories have slightly decreased month-on-month and are at a mid-range level. At present, the market sentiment for steel recruitment is becoming cautious, and the short-term ferrosilicon price is relatively volatile.

Silicon Metal 3303

 

Prices of SiMn and Ferro silicon


In terms of silicon and manganese, the price of manganese and silicon rose sharply last week, hitting a new high in recent times. The main contract 2409 closed at 8,786 yuan/ton, an increase of 978 yuan/ton or 12.53% from last week. On the spot side, market prices have also risen along with futures.

 

On the supply side, a sample of 187 independent silicomanganese companies across the country showed that the operating rate was 42.75% nationwide, an increase of 3.51% from last week; the average daily output was 25,015 tons, an increase of 1,329 tons. The output of silicon manganese has increased to a certain extent during the week, and the supply side or downstream industry is expected to continue to increase.

 

On the demand side, the weekly demand for silicomanganese, the five major materials, was 127,900 tons, an increase of 0.59% month-on-month. Steel bidding prices generally continued to rise. The bidding price of steel mills in the south exceeded the 8,000 yuan line, and the mainstream quotations in the north ranged from 7,750 to 8,000 yuan/ton. Transaction prices are also rising.

 

Overall, the absolute value of silicon-manganese production is still low. Affected by expectations of supply-side reductions, manganese ore prices and costs have increased significantly. Steel plants are in the process of resuming production, demand has performed well, and inventories have fallen from high levels. The strong performance of silicon manganese prices in the short term is more affected by the supply of mines. In the long term, high inventory and excessive production capacity will still be the key factors suppressing prices.

 

Ferrosilicon:

Ferrosilicon futures prices continued to fluctuate and rise last week, with the main contract 2409 closing at 7144 yuan/ton, up 34 yuan/ton from the previous month, or 0.48%.

 

On the supply side, a sample of 136 independent ferrosilicon companies across the country this week showed that the operating rate nationwide was 32.6%, an increase of 2.09% from the previous period; the average daily output was 14,000 tons, an increase of 600 tons from the previous period.

On the demand side, the weekly demand for ferrosilicon for the five major materials was 20,800 tons, an increase of 0.43% from last week.

 

Steel recruitment mainly focuses on rigid demand, and traders have strong speculative attributes in stocking up. Overall, ferrosilicon production is currently at a seasonal low and is expected to rebound. With the rigid demand of steel plants resuming production, traders’ quotations have generally stabilized, transaction prices have small fluctuations, and factory inventories have slightly decreased month-on-month, and are in the middle. level. At present, the market sentiment for steel recruitment is becoming cautious, and the short-term ferrosilicon price is relatively volatile.

ferrosilicon blocks

 

Ferroalloy products for sale


Anyang WeiYuan Alloy Co., Ltd was established in 2011. We specialize in producing various ferroalloys for steel making, including Ferro Silicon, Ferro Chromium, Silicon Carbide, Ferro Manganese, Metal silicon price Calcium Silicon Barium, Metallurgy Nodulant, Silicon Calcium Powder, carbon raiser, etc.

Advanced equipment and strict QC procedures ensure our products are of high quality.

Click to learn more about Weiyuan

 

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