Feb. 27, 2025: Ferrosilicon Latest News
Feb 27, 2025
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Feb. 27, 2025: Ferrosilicon Latest News(6672, -28.00, -0.42%) : On Wednesday, the ferrosilicon contract was shaken and weakened, with the main contract closing at 6178CNY/ ton, down 0.1% from the previous month. The aggregate price of No. 72 ferrosilicon is about 5800-5950CNY/ ton, which is flat in Inner Mongolia and Ningxia compared with the previous day, and 30CNY/ ton lower in Qinghai compared with the previous day. Yesterday, the overall trend of the black plate was different, and the price of ferrosilicon continued to fall. The fundamental drive of ferrosilicon itself is limited, the supply side, the production of ferrosilicon remains stable, and the weekly production increased slightly from the previous quarter. On the demand side, when prices continue to weaken, the downstream procurement willingness is limited, and the market wait-and-see sentiment is strong. On the cost side, the price of small carbon fell again from the previous quarter. On February 26, the mainstream price of small carbon in Shaanxi was 645CNY/ ton, which fell by 40CNY/ ton from the previous quarter, and the cost support was slightly weaker. In summary, in the case of limited fundamental support for ferrosilicon and weak external market sentiment, it is expected that short-term ferrosilicon prices will remain weak and volatile.Feb. 27, 2025: Ferrosilicon Latest News
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