[Ferro-Alloys.com] 

[Steel Tender] Steel tender of March was almost over, and Jiangsu Shagang Group took the lead in releasing ferrosilicon 72# tender notice of April, which was not that positive, and the tender volume was 1500 tons. It also has a long-term contract of 1500 tons, and the volume in total was 3000 tons.

[Spot market] Both the capacity utilization rate and average daily production didn’t change much from last week. Now the ferrosilicon market was running weakly with high inventory, low price, weak demand and high production. Concern about the change of capacity utilization rate and downstream demand.

 [Ferrosilicon Futures 2005 contract] Opening price of ferrosilicon futures 2005 contract was 5600, highest price was 5678, lowest price was 5466, closing price was 5536 and the settlement price was 5540. The positions were 53724 and the trading volumes were 266743.

Below are ferrosilicon futures main contract 2005 daily specific performances in this week:

[Steel] The social steel stock of 5 varieties in early March, 2020 was 20.21 million tons, up by 1.16 million (6.1%) tons than last ten days and up by 13.39 million tons than December, 2019. Currently, the steel inventory was still high and downstream demand was soft. Controlling production would be the right choice, and cost would be the core competence, experts said. On the other hand, the delayed demand during the epidemic may be released in the second or third quarter, and at that time, the demand may be encouraging.