September 3, 2024: Ferrosilicon Latest News
Sep 03, 2024
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The ferrosilicon market is weak. On the supply side, according to the statistics of 136 independent ferrosilicon enterprises in China, the operating rate (capacity utilization rate) of China is 39.84%, an increase of 1.12% over the previous period; The average daily output of 15010 tons, an increase of 615 tons compared with the previous period, China's ferrosilicon production (weekly supply) : 105,100 tons, China's 60 independent ferrosilicon enterprises sample: China's inventory of 56,100 tons, down 1.89% compared with the previous period, manufacturers' profits are OK, the start of a small increase; In terms of demand, the weekly demand for ferrosilicon for the five major steel grades (the sample accounts for about 70% of the total demand for ferrosilicon for the five major steel grades) : 17254.3, an increase of 0.70% from the previous week, steel mill profitability is low, hot metal production continues to fall, delivery warehouse inventory is high, supply and demand are wide pattern continues, manufacturing industry prosperity is falling, and the bearish atmosphere in the commodity market is strong. Strategy suggestion: SF2411 contract fell sharply, the operation is recommended to temporarily treat with weak shock idea, please pay attention to risk control.
