Dec.19, 2024: Ferrosilicon Latest News
Dec 19, 2024
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Dec.19, 2024: Ferrosilicon Latest News (6672, -28.00, -0.42%): On Wednesday, the main contract of ferrosilicon weakened and finally closed at 6,248 CNY/ ton, down 1.05 percent from the previous day. The aggregate price of No. 72 ferrosilicon is about 5850-6050CNY/ ton, which is basically the same as the previous day. Yesterday, the overall trend of the black plate was weak, market confidence needs to be boosted, and the focus of the ferrosilicon futures price fell. At present, it is the winter storage period, but under the weak market performance, the terminal enterprises are not willing to stock up, the steel mill demand has not seen significant volume, and the demand side support is limited. On the supply side, there is a large ferrosilicon furnace in Ningxia region recently stopped production, maintenance reasons for power generation equipment damage and production losses, the resumption of production time is to be determined, affecting about 1200-1200 tons per day, the supply side pressure or gradually decline. In summary, the current support for the fundamentals of ferrosilicon is not strong, under the influence of weak market sentiment, the trend is weak, and it is expected that the short-term trend of ferrosilicon is still greatly affected by market sentiment. Dec.19, 2024: Ferrosilicon Latest News
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