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[Spot market] As the coronavirus containing day by day, transportation eased and more and more enterprises resumed work. But the market mood wasn’t getting much better due to the soft demand and rare deals. Tender notice of March is coming and we hope that new round of tender would boost the market confidence.
[Spot price] This week, the ferrosilicon 75# quotation of big plants in Inner Mongolia is around 6300 yuan per ton and 72# was 6000 yuan per ton, while the ferrosilicon 75# quotation in Ningxia and Gansu is around 6000 yuan per ton and 72# is around 5700 yuan per ton; 75# quotation in Qinghai is around 5900 yuan per ton, and 72# quotation is around 5600 yuan per ton; 75# quotation in Shaanxi is 5850 yuan per ton and 72# quotation is around 5550 yuan per ton. The medium and small enterprises’ quotation was slightly lower than that.
[Ferrosilicon Futures 2005 contract] Opening price of ferrosilicon futures 2005 contract was 5766, highest price was 5778, lowest price was 5666, closing price was 5716 and the settlement price was 5710. The positions were 59552 and the trading volumes were 153111.
Below are ferrosilicon futures main contract 2005 daily specific performances in this week:
|
Date |
Opening price |
Highest price |
Lowest price |
Closing price |
Settlement Price |
Trading volume |
Positions |
|
2.24 |
5766 |
5778 |
5708 |
5716 |
5740 |
42199 |
64401 |
|
2.25 |
5710 |
5720 |
5682 |
5716 |
5700 |
27373 |
66158 |
|
2.26 |
5710 |
5740 |
5692 |
5720 |
5722 |
24948 |
65545 |
|
2.27 |
5706 |
5722 |
5694 |
5720 |
5708 |
16835 |
65603 |
|
2.28 |
5728 |
5736 |
5666 |
5716 |
5710 |
41756 |
59552 |
[Steel] During the epidemic period, the downstream was grinding to a halt and the steel inventories increased sharply and steel mills faced many fund pressures. But people believe the influence of coronavirus would not be too long. Currently, more and more plants and factories and construction projects resumed work, it’s expected that the demand for steel would return to previous levels by April. Before then, the market may stay fluctuating.
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- [Editor:kangmingfei]
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