Jan. 8, 2025: Ferrosilicon Latest News
Jan 08, 2025
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Jan. 8, 2025: Ferrosilicon Latest News (6672, -28.00, -0.42%) : On Tuesday, the main shock of ferrosilicon weakened, and finally closed at 6216CNY/ ton, down 1.46% from the previous day. The aggregate price of 72-ferrosilicon is about 5800-6000CNY/ ton, which is basically the same as the previous day. Yesterday, the overall trend of the black plate was weak, silicon manganese (7126, -152.00, -2.09%) the price center of gravity moved down, the main contract continued to increase positions, and the market sentiment was relatively weak. Hesteel announced the bidding quantity of ferrosilicon in January, the bidding quantity of Hesteel 75B ferrosilicon in January was 2183 tons, an increase of 42 tons from the previous round, and continued to pay attention to the progress of bidding. At present, the basic support of ferrosilicon is limited, from the data side, ferrosilicon is in the stage of weak supply and demand, and the willingness of steel mills to reserve ferrosilicon during the winter storage period is also limited. The lack of upward drive of ferrosilicon, but the ferrosilicon futures price has been relatively low, the new negative factors are also limited, it is expected that the space below will not be too large, and the short-term is still treated with weak shock ideas. Focus on black overall volatility. Jan. 8, 2025: Ferrosilicon Latest News
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