This week, the ferrosilicon market maintained a weak and volatile operation

Today, ferrosilicon futures fell, and the main contract futures 2507 closed down 1.82% to 5512, down 102.
1. Manufacturers
Shaanxi: Some manufacturers cooperated with power plants for maintenance, the market supply was slightly reduced, and the quotations of some large manufacturers rose slightly. The price of 72 ferrosilicon natural blocks was 5300-5400 yuan/ton, and the price of 75 ferrosilicon natural blocks was 5850-6000 yuan/ton. The price of raw material semi-coke moved down, and the mainstream large factories in Inner Mongolia lowered the purchase price of semi-coke small materials by 30 yuan/ton to 575 yuan/ton, including tax, ex-factory.
Ningxia: There were no new maintenance manufacturers in the market this week. Due to the maintenance of large factories, the spot resources were slightly tight, and the overall shipping price of traders was better than the manufacturer's quotation. 72 ferrosilicon natural block is 5350-5400 yuan/ton, 72 ferrosilicon standard block is 5400-5450 yuan/ton, 75 ferrosilicon is 5900-6000 yuan/ton.
Qinghai: Today's market fluctuated, and some manufacturers adjusted the ferrosilicon price appropriately, and the price change was limited. The inventory of ferrosilicon in the factory remained low, and the manufacturers were willing to support the price, which had a stabilizing effect on the price of ferrosilicon. The overall quotation of 72 ferrosilicon natural block is around 5400 yuan/ton, and the quotation of 75 ferrosilicon natural block is 5900-6000 yuan/ton.
2. Traders
There are few actual orders in the Anyang trader market, and some customers are cautious in purchasing after inquiry. The tax-exclusive price of 72 ferrosilicon natural block is about 5200 yuan/ton, and the tax-exclusive price of 75 ferrosilicon natural block is about 5400 yuan/ton.
3. Steel Plant
The tender price of ferrosilicon at a steel plant in North China is 5,630 yuan/ton, the quantity is 900 tons, and the payment is in cash including tax to the plant.
4. Outlook on the Future Market
In general, as the pricing of mainstream steel mills in northern China is in line with expectations this week, the overall market sentiment is still good. The price drop of raw materials in the middle of the week is bearish to a certain extent. In the absence of other positive support, considering the expectation of resumption of production by manufacturers in the later period, the ferrosilicon market will maintain a weak and volatile operation.
 

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