August 26, 2024, Ferrosilicon Latest News
Aug 26, 2024
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The ferrosilicon market was weak last week. In terms of supply, the carbon market is weak and stable, some mainstream calcium carbide enterprises in Inner Mongolia have lowered the purchase price of small and medium-sized carbon materials 50CNY/ ton, the spot bottom is loose, some enterprises in the main producing areas have stopped production due to circuit maintenance, and the overall production enthusiasm in Ningxia is not high. In terms of demand, the river steel silicon iron set the tone, the rest of the steel mills have been pricing, the downstream as a whole into losses, the high price of resources have a fear of high mentality, the terminal industry off-season characteristics are obvious. This week: on the supply side, Shenmu market small material prices 855-900CNY/ ton, LAN carbonite slightly down, manufacturers production pressure relief, northwest producing areas barely profit, supply overall stable, according to the statistics of 136 independent ferrosilicon enterprises sample: operating rate (capacity utilization rate) of 38.72% nationwide, an increase of 0.93% over the previous period. In July, China's ferrosilicon (Si > 55%) exports 23987.46 tons, down 12.75% month-on-month, down 3.66% year on year, alloy demand marginal improvement during steel recruitment, but the downstream steel mill losses are serious, the maintenance of blast furnaces is increasing, there is a fear of high prices of resources, procurement caution, Pay attention to the logical transformation of the transaction between the expected arrival of "Gold Nine" and the reality and the subsequent restoration of steel mill profits. Strategy suggestion: The main contract of ferrosilicon rises and falls, multi-day moving average entanglement, the operation is recommended to temporarily treat with weak shock ideas, pay attention to the pressure near the top 10 moving average, please pay attention to risk control.
