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SunSirs: Ferrosilicon market analysis in April (April 27, 2020)

April 27 2020 15:42:26     SunSirs (Molly)

Today, the spot market of ferrosilicon is still relatively stable, and the market price of ferrosilicon 72 # is mostly reported in the vicinity of 5350-5400 yuan / ton.

Although the capital pressure may increase towards the end of the month, because some of the ferrosilicon manufacturers in the main production areas have continued to avoid peaks, and some manufacturers have not shut down their furnaces to resume work. Keep the order status.

Therefore, in the current period, ferrosilicon companies are not willing to make concessionary shipments. And affected by the increase in the pallet surface of this cycle, it is good for spot prices. Coupled with the consideration of the approaching "Labor Day" holiday, a new round of downstream procurement demand will also enter the market. The enthusiasm of purchasing customers to participate in the market will increase.

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