August 28, 2024, Ferrosilicon Latest News
Aug 28, 2024
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The ferrosilicon market is temporarily stable. On the supply side, the production pressure of manufacturers has eased, the northwest producing area has barely made a profit, and the supply as a whole is stable, according to statistics of 136 independent ferrosilicon enterprises in the country: the operating rate (capacity utilization rate) of the country is 38.72%, an increase of 0.93% over the previous period, and the manufacturers are mainly shipping. In terms of demand, after the river iron silicon adjustment, the rest of the steel mills have been pricing, the main production area of iron silicon 72 iron silicon natural block cash including tax factory 6200-6300CNY/ ton, 75 iron silicon price at 6750-6850CNY/ ton, the steel market continues to warehouse trend, near the "gold nine" market is expected to improve, but the peak season to be verified. Strategy suggestion: SF2411 contract rises and falls, the operation is recommended to temporarily treat with the idea of shock, please pay attention to risk control.
