the price of ferrosilicon rising

Today is the 12th, May 2021, the market price of ferrosilicon continues to rise. Due to the soaring of magnesium ingot downstream, some ferrosilicon plants are temporarily not quoting. Shaanxi local quotation is 75#7600-7700 yuan/ton cash, an increase of 200 yuan/ton. The price increase of ferrosilicon was due to the surge in downstream black futures, which led to the upward adjustment of double silicon futures. After the rise of ferrosilicon futures, the market price rose; the second was the increase in the price of ferrosilicon raw materials; The price is higher than before the holiday.

the-price-of-ferrosilicon-rising

 

The current black market is in a state of excitement. As far as ferrosilicon is concerned, the market is rising from upstream to downstream. The prices of upstream raw materials such as silica, blue charcoal, and iron oxide scale have risen, the Qinghai factory stated that it purchased silica from Gansu and the factory price was about 200 RMB/T, the blue carbon small material was 950-1100 RMB/T, and the Shijiazhuang, Hebei iron oxide scale was 1290-1320 RMB/T without tickets. The prices were both higher than last week. The price of downstream magnesium metal has skyrocketed. The current offer price is 20000-20100 RMB/T in cash, the transaction is 19700-19800 RMB/T in cash, and the single-day increase is 1000 RMB/T. After the price of magnesium ingot rose to a new high yesterday, downstream procurement continued to follow up. Continued to buy, export urgent orders under pressure to purchase, the market volume increased. The Fugu spot was emptied again, and some of them are temporarily out of stock. Some manufacturers hold an optimistic view of the market outlook for the time being. The quotation is slightly increased to 20,500 RMB/T, and the low price will not be shipped temporarily. The prices of the downstream steel market have been rising steadily, and the prices of rebar, wire rod, and building materials have all risen sharply.

At present, most factories still have orders that have not been delivered before the price increase, and the spot is tight. In the case of rising futures and steel bids, factories have a strong attitude of reluctance to sell, and prices continue to rise. Downstream manufacturers mainly purchase goods for just-needed purchases. On the one hand, they are afraid of heights. On the other hand, those with stocks are more willing to turn to disk delivery to obtain higher profits. In terms of current market sentiment and upstream and downstream performance, ferrosilicon will continue to fluctuate at a high level in the short term.

Anyang Huatuo Metallurgy Co., Ltd suggests that these days the market quotation for ferrosilicon confusion, please purchase carefully, if there any we can help please just contact.