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Print[Ferro-Alloys.com]In early August, slack season of steel mills gave rise to contracting demand on raw materials. Up to now, some steel mills already released August purchase on ferrosilicon with more or less RMB100/mt downtrend generally which basically in line with our initial anticipation. Recently, ex-work of ferrosilicon 75# lingered about RMB5,100/mt while RMB4,800/mt for 72#, upper and lower floating around RMB50-100/mt.
In terms of mills purchase, some producers have little intention to cooperation with steel mills given extend payment and strict requirement on element index into consideration.
|
Steel Mill |
Product |
Specification |
Purchase Price |
supplement（Delivered Price by Acceptance） |
|
HBIS |
FeSi |
75B |
5300 |
↓100 |
|
WISCO |
FeSi |
75B |
5450 |
↓50 |
|
Ma steel |
FeSi |
75B |
5350 |
－ |
|
Wuhu Xinxing Ductile |
FeSi |
75A |
5500 |
↓50 |
|
CITIC Pacific Special Steel（Xingcheng） |
FeSi |
75B |
5400 |
↓100 |
|
CITIC Pacific Special Steel（Daye） |
FeSi |
75B |
5380 |
↓120 |
|
XINJIANG BA YI IRON AND STEEL CO.,LTD |
FeSi |
75B |
5200 |
－ |
|
Kunming iron and steel Group |
FeSi |
75B |
5650 |
↓100 |
|
Xiangtan iron and steel Group |
FeSi |
75B |
5400 |
↓110 |
|
TISCO |
FeSi |
75B |
5250 |
↓150 |
|
Shagang Group |
FeSi |
75B |
5350 |
↓150 |
|
Sanming Iron and steel Group |
FeSi |
75B |
5350 |
↓50（Half Acceptance and Half Cash ） |
|
Shanxi Jin steel Group |
FeSi |
75A |
5350 |
↓120 |
|
Lianzhong Steel Company |
FeSi |
75A |
5450 |
↓250 |
|
ANSteel Group |
FeSi |
75A |
5450 |
↓150 |
|
Dongbei Special Steel Group |
FeSi |
75B |
5350 |
↓100 |
|
Nanjing Iron and Steel Group |
FeSi |
75B |
5250 |
↓200 |
As for export market, price of ferrosilicon 75 tumbled at USD1,230-1,250/mt fob while USD1,210-1,230/mt for 72#.
As review troops approaching, environmental protection pressure surrounding Beijing will cause increasing steel mills cut output or shutdown, given that into consideration, it is estimated that performance of ferrosilicon in August would be not optimistic.
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- [Editor:Sophie]
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