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Chinese ferrosilicon alloy manufacturers’ inventories fell by 68.42%

Chinese ferrosilicon alloy manufacturers’ inventories fell by 68.42%

Chinese ferrosilicon alloys manufacturers’ inventories fell by 68.42%

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

Ferrosilicon is an alloy of iron and silicon that is made by reducing silica in the presence of iron, and which plays an essential role in steelmaking.

ferro silicon

Ferro silicon chemical composition


Brand Chemical Composition (%)

 

Si Al Ca P S C Fe
FeSi75 75 1.5 1 0.035 0.02 0.2 Balance
FeSi72 72 1.5 1 0.04 0.02 0.2 Balance
FeSi70 70 1.5 1 0.04 0.02 0.2 Balance
FeSi65 65 2 1 0.04 0.02 0.2 Balance
Size 10-50mm, 0-3mm, 1-3mm, 0-10mm or as your requirement

ferrosilicon alloy Market Details

 In September, China’s ferrosilicon manufacturers had 21,000.00 metric tons of ferrosilicon in stock, compared with 66,500.00 metric tons in the same period last year and 24,000.00 metric tons last month, a year-on-year decrease of 68.42% and a month-on-month decrease of 12.50%.

From January to September 2023, the average monthly ferrosilicon inventory of Chinese ferrosilicon manufacturers was 55,188.89 metric tons, compared with 52,744.44 metric tons in the same period last year, a year-on-year increase of 4.63%.

ferrosilicon alloy

Ferrosilicon inventory quantity of Chinese ferrosilicon manufacturers in the past 13 months

In September, China’s three provinces with the largest ferrosilicon inventories were Shaanxi, Ningxia and Gansu. Shaanxi’s ferrosilicon inventory was 10,000.00 metric tons, a year-on-year decrease of 48.72% and a month-on-month decrease of 16.67%. Ningxia’s ferrosilicon inventory is 7,000.00 metric tons, a year-on-year decrease of 56.25%. Gansu’s ferrosilicon inventory is 4,000.00 metric tons, a year-on-year decrease of 38.46%.

Prices of various types of ferroalloys


Last week, the prices of various ferroalloy varieties were stable but fell. Ferrosilicon prices fell partially. The price of raw material orchid charcoal has fallen, the production cost of ferrosilicon has dropped by 60 yuan/ton to 80 yuan/ton, and the losses of production enterprises have slightly eased. The market price of ferrosilicon futures has rebounded slightly, and the market pessimism has eased. Focus on the purchasing changes of steel companies in November. It is expected that the ferrosilicon alloy market will operate stably but weakly in the short term.

The overall spot price of silicon manganese fell slightly, and silicon manganese companies in some areas lowered their quotations to reduce inventory pressure, with the decrease ranging from 50 yuan/ton to 100 yuan/ton. At present, some steel companies have launched silicon-manganese bidding in November. Many places across the country are carrying out in-depth battles to prevent and control air pollution in autumn and winter.

In addition, Ningxia’s staggered production notification requirements have gradually begun to be implemented, and the silicon manganese market may pick up. The price of raw material manganese ore has fallen, and there are expectations for an increase in electricity prices in southwest China. Some traders said that currently there is no market price for silicon manganese, and the market transaction situation is not good. The silicon manganese market is expected to remain stable in the short term.

The price of high carbon ferrochrome fell by 200 yuan/50 basis tons. At present, demand from steel companies is weak, and the output of high-carbon ferrochrome continues to remain at a high level. Except for long-term contract orders, the retail market is dominated by on-demand procurement, and the market as a whole lacks positive support. The high-carbon ferrochrome market is expected to operate stably but weakly in the short term.

 

ferrosilicon alloy products for sale


About WeiYuan Alloy Co., Ltd was established in 2011. We specialize in producing various alloys for steel making, including Ferro Silicon, Ferro Chromium, Silicon Manganese, Ferro
Manganese, 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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