SunSirs: The Market Atmosphere Was Good, Ferrosilicon Spot Prices Were Rising
August 19 2021 14:36:46 SunSirs (John)
Price trend
Domestic ferrosilicon (grade: FeSi75～B; particle size grade/mm: natural block) spot quotations rose. The price of ferrosilicon in the main plant area of Ningxia was around 8,600-8,700 RMB/ton on the 17th, and the price of ferrosilicon was around 8,700-8,800 RMB/ton on the 18th.
Analysis review
The spot price of ferrosilicon is still at a high level. Japan Ningxia region issued an early warning notice on the completion of the dual energy control targets in the five cities and Ningdong in the first half of the year, requiring the formulation of rectification plans for inadequate energy management and control, and the adoption of strong policy measures to resolutely reverse the unfavorable situation and tighten production restrictions in Ningxia. As soon as this news came out, the spot price immediately rose.
Market outlook
Overall, the current market atmosphere is still good. Affected by various news, the spot price of ferrosilicon may continue to run at a high level in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2023-06-02 SunSirs: Increasing Inventory in Ferroalloy Production Areas to Meet the Diversified Needs of the Industrial Chain
- 2023-05-30 SunSirs: Weekly Report of Ferrosilicon Market (5.22-5.26)
- 2023-05-29 SunSirs: Weekly Report on Silicomanganese Market (5.22-5.26)
- 2023-05-16 SunSirs: Bureau of Statistics: China's Daily Crude Steel Production in April was 3.088 Million Tons
- 2023-04-11 SunSirs: In the First Ten Days of April, the Ferrosilicon Market was Generally Down
