Early comment: silicon manganese end: the cost end to see the chemical coke rose after the temporary stability, the port manganese ore individual minerals still maintained a small decline, but on Friday there were signs of stabilization, silicon manganese cost line change little, but by the main producing area of the price increase, spot factory profit expansion. On the supply and demand side, this week, some pre-bidding steel mills have replenishment of the inventory gap last month, supply and start are still maintained at historic highs, and the supply and demand of silicon manganese are still in a loose state. In a comprehensive view, the current black market spread flat control rumors, Yunnan region also has the corresponding documents out, but the steel mill end has not yet a clear measure, the black charge end mood is not good, high pressure on the plate surface, attention to manganese silicon steel recruitment information this month, after the completion of some steel mills, August steel price range will form a strong pressure on the plate surface, the medium term is still dominated by high and empty.
Ferrosilicon end: After the second round of adjustment, the LAN carbon is temporarily stable, but the LAN carbon furnace of the previous rectification in the Fugu area or production in the short term, the LAN carbon price is under pressure, and the settlement electricity bill in Inner Mongolia in July is still expected to be lowered, and the medium-term ferrosilicon cost may have further downward possibility. From the supply and demand side, the resumption of production in the main producing areas of ferrosilicon in August or will continue to speed up, downstream demand is still expected to further shrink (steel mill end is affected by the expected reduction of crude steel, only Yunnan region has issued relevant documents, non-steel demand has not seen the increase), the fundamentals of ferrosilicon are still weak, and the idea of high and empty in the medium term has not changed.
