Analysis of Chinese ferroalloy market

In 2021, the ferroalloy market output will reach 34.762 million tons, and the concentration of major market segments is relatively high.

In recent years, the industrial structure and market structure of China’s ferroalloy industry have been deeply optimized, and its position in the international market has been significantly improved. As a high-energy-consuming industry, the ferroalloy industry is expected to Ushering in changes and adjustments, this article first introduces the market development status of China’s ferroalloy industry, then studies the development prospects of the industry, and conducts a comprehensive and systematic research on China’s ferroalloy market.

1. Industry policy of ferroalloy

In February 2022, the Ministry of Industry and Information Technology and other three ministries and commissions jointly issued the “Guiding Opinions on Promoting the High-quality Development of the Iron and Steel Industry”. Outstanding quality brand, high level of intelligence, strong global competitiveness, green, low-carbon and sustainable high-quality development pattern; in the same month, four departments including the National Development and Reform Commission jointly issued the “Guidelines for the Implementation of Energy-Saving and Carbon Reduction Transformation and Upgrading in Key Fields of High-Energy Consumption Industries (2022 Edition) )”, it is proposed that by 2025, the proportion of production capacity above the energy efficiency benchmark level of the ferroalloy industry will reach 30%, and the production capacity below the energy efficiency benchmark level of ferro-silicon and manganese-silicon alloys will basically be cleared. The effect of carbon reduction is remarkable, and the ability of green and low-carbon development has been greatly improved.

2. Market output of ferroalloy

At present, China is the world’s largest producer of ferroalloys. In recent years, the market output has fluctuated and remained at more than 31 million tons. China’s ferroalloy market output will be about 34.205 million tons in 2020, compared with It decreased by about 6.5% year-on-year; by 2021, it will increase to about 34.762 million tons, an increase of about 1.63% year-on-year.

3. Import situation of ferroalloy

In terms of imports, in 2020, the import volume of China’s ferroalloy market will be about 6.62 million tons, an increase of about 6.23% over the previous year, and the import value will be about 10.558 billion US dollars, an increase of about 4.59% over the same period last year; by 2021, the import volume will increase to 6.52 million tons About 1.51% lower than the same period last year, the import value is about 14.03 billion US dollars, an increase of about 32.89% year-on-year.

China's ferroalloy industry

                          China’s ferroalloy industry

4. Export situation of ferroalloy

In terms of export, the export volume of China’s ferroalloy market in 2020 will be about 470,000 tons, a year-on-year decrease of about 14.55%, and the export value will be about 835 million US dollars, a year-on-year decrease of about 27.33%; by 2021, the export volume will increase to 920,000 tons About 95.74% year-on-year increase, the export value is about 2.35 billion US dollars, an increase of about 181.4% year-on-year.

5. Apparent market demand of ferroalloy

In 2020, the apparent demand of China’s ferroalloy market is about 40.372 million tons, a year-on-year decrease of about 2.01%; by 2021 it will further decrease to 40.087 million tons, a decrease of about 0.71% compared with 2020.

6. Ferroalloy Market segments

The data shows that in 2021, the main types of ferroalloys produced in China include ferrosilicon manganese, high-carbon ferrochrome, ferrosilicon, electrolytic manganese, high-carbon ferromanganese, vanadium pentoxide, vanadium nitrogen and ferroaluminum, etc., and their market output is 10.0004 million respectively. tons, 5.886 million tons, 5.86 million tons, 1.25 million tons, 1.16 million tons, 113,700 tons, 62,000 tons, and 40,000 tons. The total output accounts for 70.11% of the national market, and the market concentration is relatively high.

With the continuous improvement of the technical level of China’s iron and steel industry, and the gradual increase in policy support, the upgrade path has been pointed out for the development of the ferroalloy industry, and the overall development trend of the industry has a clearer direction.



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