Analysis and interpretation of China's ferrosilicon market this week, June 20

Today, ferrosilicon futures rose slightly, and the main contract futures 2509 closed up 0.19%, closing at 5300, up 10.
1. Manufacturers
Shanxi: The ferrosilicon market is weak, and the shipment situation has improved limitedly with the improvement of the market. The price of 72 ferrosilicon natural blocks is 5000-5100 RMB/MT, and the price of 75 ferrosilicon natural blocks is 5600 RMB/MT.
Ningxia: Some manufacturers plan to resume production of ferrosilicon furnaces. Overall, most companies in Ningxia have scheduled production. The price of 72 ferrosilicon natural blocks is 5050-5100 RMB/MT, the price of 72 ferrosilicon standard blocks is 5150-5200 RMB/MT, and the price of 75 ferrosilicon is 5600-5700 RMB/MT.
Qinghai: As the ferrosilicon market fluctuates upward, merchants report that some low-priced resources are high, and transactions have improved. Manufacturers are eager to see a rise, and most companies are arranging orders for production and actively shipping. The overall price of 72 ferrosilicon natural blocks is 5100-5150 RMB/MT, and the price of 75 ferrosilicon natural blocks is 5600-5700 RMB/MT.
2. Traders
The supply of Anyang traders is relatively sufficient, and they are cautious when the inventory is low and the transaction is not good. The tax-free price of 72 ferrosilicon natural blocks is about 4900 RMB/MT, and the tax-free price of 75 ferrosilicon natural blocks is around 5200 RMB/MT.
In general, the performance of this cycle is relatively stable, and the market sentiment has improved significantly. However, with the bidding and pricing of mainstream steel mills in the north, the bidding process of steel mills in the south has been relatively delayed. According to the current market trend, the ferrosilicon market may maintain stable operation next week.
 

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