Short Range Outlook : April 2022

Global production of molybdenum was 575.8 million pounds in 2021, a fall of 4% from 602.4 million pounds in 2020, figures released by the International Molybdenum Association (IMOA) show. Global usage rose 13% to 611.2 million pounds from 539.7 million pounds ...

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The low utilisation of hot-rolled coil (HRC) quotas so far this quarter is testimony to low demand for imported tonnes at the start of this year.

After returning from the Qingming Festival holiday, ferrosilicon futures continued to rise sharply, the spot quotation followed up, and the transaction was gradually better.

The 2205 ferrosilicon contract price on ZCE closed at 10770 yuan per ton on April 8.

The company's standalone capacity utilisation was 98pc during January-March compared with 93pc for the same period last year.