Apr 27, 2024 Leave a message

Ferroalloy Tends To Run Strongly

In terms of silicon manganese, the price of manganese ore at the cost end rose, and the price of chemical coke rose by 120 yuan/ton, breaking the downward trend, there is support for alloy costs, and there is production reduction in the supply side. At the steel mill end, the mainstream steel price was called in April, and the alloy procurement of other steel mills was carried out successively, and the short-term manganese silicon (7436,206.00,2.85%) cost support was strong, and the disk surface was more than the operation.

In terms of ferrosilicon (6880,-4.00,-0.06%), the mainstream price of Lanchar small material market increased slightly, the production cost of ferrosilicon increased, and the profits of some main producing areas were restored. Inner Mongolia profit of 104.5 yuan/ton or so, Qinghai region turned a loss into a profit, supply and demand, iron silicon supply continued to shrink, downstream demand recovery is slow, the mainstream steel pricing in April, traders to warehouse speed is still faster, spot transactions have improved, upstream inventory pressure has eased. It is expected that the ferrosilicon disk surface will continue to maintain oscillating and stable operation.

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