Jan. 20, 2025: Ferrosilicon Latest News
Jan 20, 2025
Leave a message
Jan. 20, 2025: Ferrosilicon Latest News (6672, -28.00, -0.42%) : The fundamental drive is limited, and the trend is more driven by the black plate trend. This week, the ferrosilicon futures price follows the overall fluctuation of the black, the fundamental drive is limited, and the market sentiment fluctuation has a greater impact. On the supply side, the weekly value of ferrosilicon production was basically flat, and the steel union data showed that this week's ferrosilicon production was only 105,500 tons, up 0.86% week on week, which is at the lowest level in the same period in recent years. On the demand side, the demand for ferrosilicon steel has improved to a certain extent this week, after the mainstream steel pricing, demand was gradually released, and the weekly value of the sample steel demand for ferrosilicon ended the downward trend for 7 consecutive weeks, up 0.85% week on week. In the winter storage period, steel mills iron silicon inventory reserve will be limited, steel mills iron silicon inventory in January was 16.65 days, an increase of 1.63 days month-on-month, the growth rate and the absolute value of January inventory are far lower than the same period in recent years, starting next week, enterprises will enter the holiday mode, stock support came to an end. At the inventory end, the inventory of sample enterprises was basically flat, as of January 17, the inventory of 60 sample enterprises was 74,400 tons, and the total number of warehouse receipts plus effective forecast was nearly 70,000 tons, and the pressure of warehouse receipts was not large. The cost side support weakened, and the production cost of ferrosilicon fell by nearly 30 yuan/ton week on week. In general, the fundamental drive of ferrosilicon is limited, driven by market sentiment, or the price of ferrosilicon has a certain boost, but after the price rise, the willingness of enterprises to hedge is also increasing, the space above the futures price of ferrosilicon is limited, and continue to pay attention to steel recruitment and market sentiment changes. Jan. 20, 2025: Ferrosilicon Latest News
If you are interested, please contact us below.
