[Ferro-Alloys.com] 

 

[Market information] In the main production areas, there are enterprises stopped furnaces for maintenance and reducing production, and Qinghai mines investigation (from August to October, investigation work was carried out in relevant areas) have boosted the confidence of ferrosilicon market to a certain extent. At present, the impact on the price side is also gradually reflected.

 

[Steel Tender] According to the published bidding information, the price increased by about 200 yuan per ton compared with August. The quantity is mostly constant purchase (or increased compared with August). The demand for ferrosilicon in steel mills is stable or even up, which further improves the confidence of the factories, and the sentiment of price rising is strong.

 

[Spot Market] In August, the ferrosilicon market gradually stabilized, stronger and better, the overall supply side remained stable, the manufacturers' inventory was tightened, and the futures market rose slightly, the inquiry volume rebounded, the transaction gradually improved, the quotation was easy to rise but difficult to fall, and the market may continue to keep strong operation in a short term. According to Ferro-Alloy.com, a large factory in Northwest China quoted about 5700 yuan per ton for 72# ferrosilicon, and there are manufacturers in Inner Mongolia also quoted about 5700 yuan per ton for 72# ferrosilicon.

 

[Ferrosilicon Exports] According to data of China Custom, in July 2020, China's exports of ferrosilicon (silicon content > 55%) were 13322.17 tons, a month on month decrease of 32.36% and a year-on-year decrease of 47.89% and ferrosilicon (≤55%) exports in July 2020 decreased by 6.97% vs. last month to 1221.35 tons, down by 35.3% compared with the same period in 2019. From January to July 2020, China's export of ferrosilicon (>55%) was 177713.98 tons, a year-on-year decrease of 27.097% and the exports of ferrosilicon (≤55%) were 11137.925 tons, a year-on-year decrease of 40.52%.

 

 

[Ferrosilicon Futures 2010 Contract]

 

 

[Steel Market] The blast furnace operating rate of the steel plants maintained a high level, and the demand for ferrosilicon continues to be strong. Although the trading volumes declined slightly recently, but the traditional peak season approaches, the steel demand will be released to a certain extent; on the other hand, due to the production growth, export sluggish, steel inventory increasing, the market will be oversupplied, and price may not rise sharply.

 

[Metal Magnesium Market] The supply was stable and the demand was weak, especially in the export market. The overall operation was weak this week, and the price kept going down slightly. The current cash quotation including tax of 99.9% magnesium ingots in fugu area was around 12700-12750 yuan per ton. 

 

 

 

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