Without obvious news stimulus, ferrosilicon prices still maintain a low consolidation trend, and market quotations have not changed significantly. As far as the current situation is concerned, bad news still dominates.

According to the commodity market analysis system of SunSirs, on May 9, the market quotation of ferrosilicon (brand: FeSi75~B; particle size grade/mm: natural block) in Ningxia was 5300-5430/ton, and the market average price was 5402 RMB/ton, down 2.63%.

1. Influencing factors

Raw semi-coke market: The overall national semi-coke market was temporarily stable this week. Except for individual companies that slightly adjusted their prices according to their own sales situation, most companies' prices did not change significantly, and the market price performance was firm.

As of May 9, the mainstream price of small and medium-sized materials in Shenmu market is 605-670 RMB/ton, and the coke fines is 440-530 RMB/ton; the mainstream price of small and medium-sized materials in Fugu market is 605-720 RMB/ton, and the coke fines is 440-550 RMB/ton; the mainstream price of coke fines in Zhongwei market is 520 RMB/ton; the mixed material in Shizuishan market is 530 RMB/ton; the price of small and medium-sized materials in Ordos market is 570-650 RMB/ton, and the coke fines is 480-550 RMB/ton; the price of small and medium-sized materials in Hohhot market is 610 RMB/ton, and the coke fines is 580 RMB/ton; the price of small and medium-sized materials in Hami market is 620-85 0 RMB/ton, coke fines 260 RMB/ton, mixed material 210-300 RMB/ton; Changji market small and medium-sized material price 850 RMB/ton, coke fines 350 RMB/ton, all of the above are ex-factory prices in cash including tax; Tianjin Port small and medium-sized semi-coke material price 900-970 RMB/ton, coke fines 800-880 RMB/ton, all of the above are port liquidation prices in cash including tax; Yumen small material price 280-500 RMB/ton, coke fines price 355-640 RMB/ton, coke end mainstream price 550-580 RMB/ton, rice material price 390-430 RMB/ton, all ex-factory prices in cash including tax.

Working status

Manufacturers have increased production, other manufacturers have no maintenance and suspension of production, and the output has not increased much month-on-month, but the current social inventory level is high, the circulation of resources is abundant, and there is no shortage of certain specifications of resources.

Downstream situation

The tender price of ferrosilicon for May 2025 of a steel plant in East China was announced to be 5,730 RMB/ton, a price drop of 410 RMB/ton compared with April, and the purchase quantity was 1,500 tons).

2. Analysis and forecast

The current ferrosilicon market is expected to be weak. Some downstream companies have also left the market one after another after delivering the orders on hand. Market inquiries and transactions have gradually become deserted. Downstream demand is basically stagnant. Market traders are also dealing with the finishing work before the holiday and have little willingness to purchase.

Last week, most downstream traders also delivered orders. The transaction situation did not improve after Labor Day. It is expected that the spot price of ferrosilicon will remain weak and stable. At present, the market is mostly bearish on the market outlook, and the overall mentality is relatively pessimistic.

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