SunSirs: The Ferrosilicon Spot May Remain Strong in the Short Term
July 29 2021 14:43:52 SunSirs (John)
Price trend
The price of domestic ferrosilicon (brand: FeSi75～B; particle size/mm: natural block) in the main plant area of Ningxia was around 8,200-8,300 RMB/ton.
Analysis review
On the 28th, there was no significant change in the ferrosilicon market and continued to maintain a strong momentum. On the one hand: the price of raw materials is still high, power curtailment, and the continuous support of Ningxia's policies have come out. The confidence in the ferrosilicon market has once again been boosted and the mentality of high price is gradually showing. On the other hand: the new round of steel recruitment has not yet started, and the industry is mostly on the sidelines. At the same time, with the unabated confidence in the industry and the support of favorable factors, the industry still has certain expectations for the market outlook.
Market outlook
At present, the inventory of many ferrosilicon factories is at a low level, and the cost of raw materials is still relatively high. In the short term, the spot price of ferrosilicon may remain strong.
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