SunSirs: The Ferrosilicon Spot Market Continues to be Strong in the Short Term
July 15 2021 14:19:38 SunSirs (John)
Price trend
For domestic ferrosilicon (brand: FeSi75～B; particle size/mm: natural block), the price at the main plant in Ningxia is around 8,100-8,200 RMB/ton, and the spot is stable.
Analysis review
The ferrosilicon market maintains a high level and runs steadily. As production restrictions and suspensions continue to intensify, the shortage of spot resources has increased, which may have a certain support for the ferrosilicon spot market, and the prices are mostly maintained firm.
The current bidding prices for mainstream steel mills have basically been finalized, and the market outlook is clear. However, in the face of frequent policy news and volatile futures, the mood in the industry has been stable and quiet, mostly with a cautious attitude.
Market outlook
In the short term, due to Qinghai's dual energy consumption control policy and the implementation of the Shaanxi regional policy, the spot price of ferrosilicon has not fluctuated much. The ferrosilicon spot market is expected to remain strong in the short term.
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