SunSirs: After the National Day, the Ferrosilicon Market Was Dominated by Strong Operation As a Whole
October 09 2022 09:38:08 SunSirs (John)
Price trend
After the National Day, the ferrosilicon market as a whole was dominated by strong operation, and the mainstream quotation in Ningxia production area was about 8,000 RMB/ton.
Analysis review
On October 8, the price of ferrosilicon in representative steel plants in the south was 8,400 RMB/ton, with a month on month increase of 350 RMB/ton; The bidding of the Northern Wind Vane Steel Factory had been started before the Festival, and now the insiders were waiting for the bidding guidance.
The raw material semi-coke market was stable and strong, and individual enterprises raised the factory price of semi-coke by 50-100 RMB/ton. Recently, some markets were affected by the closure and control of the epidemic situation, and most enterprises had difficulty in shipping and transportation. During the National Day, the production of local enterprises in Ningxia was normal, the transportation was smooth, and there was no plan to stop production.
Market outlook
To sum up, the ferrosilicon market may operate stably in the short term, waiting for bidding guidance.
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