According to the commodity market analysis system of the Business Society, the average market price of ferrosilicon (brand: FeSi75~B; particle size grade/mm: natural block) was 7000 yuan/ton. fell 2.19%.
influence factors:
1.Raw material blue charcoal and Raw coke market have stable price,downstream steel mills are also expected to reduce production because their profits are on the edge of profit and loss.
2.Export data: According to customs data, my country's ferrosilicon export volume in September 2023 was 28,547.425 tons, a decrease of 1,819.087 tons from 30,366.512 tons in August 2023. Among them, the export volume of ferrosilicon with silicon content > 55% was 26,185.293 tons, a decrease of 1,715.219 tons, or 6.15% from 27,900.512 tons in August; the export volume of ferrosilicon with silicon content ≤ 55% was 2,362.132 tons, a decrease of 103.868 tons from 2,466 tons in August. 4.21%. From January to September 2023, my country's ferrosilicon exports totaled 316,803.861 tons.
Analysis and prediction
Based on the above, ferrosilicon futures fell sharply this week because the spot market demand was weak and prices were difficult to support. The transaction performance is not good, and the spot price of ferrosilicon may be mainly weak in the short term.Ferrosilicon prices may reach the lowest point in the near future