Apr. 7, 2025: Ferrosilicon Latest News
Apr 07, 2025
Leave a message
Apr. 7, 2025: Ferrosilicon Latest News (6672, -28.00, -0.42%) : Market sentiment fluctuations affect the futures price of ferrosilicon, and production cuts are still needed to alleviate the contradiction between supply and demand. This week, the main raw material prices of ferrosilicon production are relatively stable, the main producing areas of ferrosilicon production spot profit rise and fall, the Inner Mongolia area spot production profit increased by 30 yuan/ton, the current production profit is basically zero, the Ningxia region is flat, still a small loss, the main producing areas of the production enterprises still have the intention to reduce production, Inner Mongolia factory 10 or so plan to stop 16 ferrosilicon furnace, This part of the ferrosilicon furnace mainly produces 75 ferrosilicon, which will reduce the daily output of 700-800 tons. According to steellink data, iron silicon production this week was 111,000 tons, down 0.9% week on week, and is expected to continue to decline. On the demand side, under the condition of low prices, traders' willingness to purchase and stock is limited, and steel recruitment is in progress in April, and the overall progress is slightly slower. According to ferroalloy online data, the operating rate of magnesium ingot enterprises in Shaanxi in March was 55.15%, down 2.08% from the previous month; It is expected to produce 45,480 tons, a decrease of 1,720 tons from the previous month. In March, the national magnesium ingot production was 65,270 tons (excluding salt lake production), a decrease of 2,387 tons from the previous month. In summary, the current fundamental drive of ferrosilicon itself is relatively limited, but the impact of market sentiment has increased, mostly following the overall fluctuation of black, the amplitude has gradually narrowed this week, and the follow-up still needs to reduce production to alleviate the contradiction between supply and demand, it is expected that the short-term price of ferrosilicon is still low and volatile, and the follow-up will pay attention to the main production areas to reduce production and market sentiment changes.
If you are interested, please contact us below.
