May. 30, 2025: Ferrosilicon Latest News(6672, -28.00, -0.42%) :
On Thursday, the futures price of ferrosilicon fluctuated and weakened. The main contract closed at 5,322 CNY per ton, down 2.28% from the previous period. The open interest of the main contract decreased by 16,183 lots to 165,700 lots compared with the previous period. The consolidated price of ferrosilicon No. 72 was approximately 5,250-5,350 CNY per ton, remaining basically the same as the previous day. Yesterday, the overall trend of the black metal sector was somewhat differentiated. Coking coal saw a significant decline, while the alloy sector was relatively weak. The price of ferrosilicon dropped more than that of manganese-silicon. From a fundamental perspective, although the output of ferrosilicon in the main production areas is still continuously declining, Steel United predicts that the output of ferrosilicon this week will be 84,900 tons, a 4.5% decrease compared to the previous week. However, such a significant decline in the output of the main production areas has not provided significant support for the price of ferrosilicon. Under the condition of losses, manufacturers have a weak willingness to sell at low prices. Terminal demand is relatively weak. The weekly demand for ferrosilicon from steel mills has decreased compared with the previous week and is at the historical level for the same period. The inventory of ferrosilicon from steel mills is also low. It is expected that the current situation will be difficult to change in the short term. On the inventory side, as of last week, the inventory of 60 ferrosilicon sample enterprises was 75,000 tons, showing a slight increase compared with the previous week. Overall, the current fundamental support for ferrosilicon is not strong. It is expected that the short-term operation will mainly be weak. In the future, pay attention to the trend of the black sector and the output changes in the main production areas.