Ferrosilicon
1. Output drops slightly, demand remains stable
As of December 2, the weekly output of ferro-silicon dropped slightly, from 1,000 tons to 113,500 tons compared with the previous week, and the weekly operating rate was 43.98%, a decrease of 0.78 percentage points from the previous week.
The demand for downstream steel products of ferrosilicon alloy remains stable; the market for magnesium metal is poor, the demand is weak, and the inventory of sample companies has dropped slightly from the previous month.
The demand for ferrosilicon in steel mills has declined. As of December 2, the total consumption of ferrosilicon in sample steel mills last week was 23,500 tons, which was flat from the previous month.
As of December 6, the export price of magnesium metal at Tianjin Port was US$3,200/ton, a month-on-month decrease of US$100/ton; the market price was 22,050 yuan/ton, a month-on-month decrease of 400 yuan/ton.
As of December 6, the price difference of Shaanxi 75-72 ferrosilicon was 600 yuan/ton, which was flat from the previous month.
As of December 6, the overseas FOB price of 72 ferrosilicon was US$1,525/ton, and the overseas FOB price of 75 ferrosilicon was US$1,625/ton, up from the previous month.
As of December 6, the export profit of 75 ferrosilicon was 18.8 US dollars / ton, and the export profit of 72 ferrosilicon was 50.9 US dollars / ton.
ferrosilicon
2. The spot price rose slightly, and the profit recovery was better
As of December 6, the spot prices in various places have not changed much, and rose slightly at the beginning of this week. The mainstream market of 72 ferrosilicon is 7900-8100 yuan/ton, and the price of 75 ferrosilicon is about 8500 yuan/ton.
The inquiry price of Hegang is 8,500 yuan/ton, and the final price has not yet been determined.
ferrosilicon ton bags
3. month difference
As of December 6, the gap between ferrosilicon from January and ferrosilicon from May was 150 yuan/ton, and 80 yuan/ton from May to September.
As of December 6, profits in various regions have rebounded, and Ningxia has recovered relatively quickly.
The production costs in Inner Mongolia, Qinghai, Ningxia and Shaanxi are 7879, 7279, 7544 and 7775 yuan/ton respectively.
As of December 6, the Jiangsu-Hebei price difference of 72 ferrosilicon was 50 yuan/ton, the same as the previous month.
As of December 6, the price difference between 72 ferrosilicon Tianjin and 6517 silicomanganese Jiangsu was 1010 yuan/ton, down 90 yuan/ton from the previous month. The price of manganese ore continued to increase, the price of semi-coke fell, the cost of manganese and silicon increased, and the cost of ferrosilicon decreased.
Last week, the market fluctuated upwards, the spot price remained stable, and the basis fluctuated downwards. The warehouse receipts and effective forecasts for ferrosilicon totaled 27,380 tons. The northwestern region was affected by the severe cold, and the progress of qualified and fast processing slowed down.