Mar. 11 2025: Ferrosilicon Latest News
Mar 11, 2025
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Mar. 11 2025: Ferrosilicon Latest News(6672, -28.00, -0.42%) :On Monday, the ferrosilicon contract was shaken and weakened, the main contract closed at 6022CNY/ ton, down 1.34% from the previous month, and the main contract position increased by 11,000 lots to 192,000 lots. The aggregate price of No. 72 ferrosilicon is about 5750-5920CNY/ ton, with Inner Mongolia and Ningxia regions falling by 30CNY/ ton from the previous trading day, and Shaanxi and Shanxi regions falling by 50CNY/ ton from the previous trading day. Yesterday, the overall trend of the black plate was weak, and the futures price of ferrosilicon was still moving down in shock. From the perspective of supply and demand, the weekly value of ferrosilicon production decreased slightly from the previous week, and it is still at the median level in the same period in recent years. On the demand side, the weekly value of ferrosilicon demand from sample steel mills was basically flat, the mainstream steel is still in the game, focusing on the final pricing situation, and the downstream metal magnesium price stopped falling and rose slightly. At the cost end, in February, the price of ferrosilicon electricity was gradually settled, Ningxia was stable and slightly decreased, Qinghai was up 2-4 points, and the cost difference in producing areas was expanded. The price of small carbon materials moved down week on week, and the cost drive was limited. Overall, the recent market sentiment is weak, the fundamentals of ferrosilicon lack strong support, is expected to be weak and stable in the short term, focusing on the mainstream steel pricing and market sentiment changes.
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