This week, ferrosilicon futures fell first and then rose, the spot price of ferrosilicon was firm, and the manufacturers increased more than 50-100 yuan/ton today, and the overall was almost unchanged from last week. As of this Friday, 72 iron silicon natural block cash including tax factory 6700-6800 yuan/ton, 75 iron silicon 7100-7200 yuan/ton. Anyang trading market 72 iron silicon natural block excluding tax price of about 6600 yuan/ton, 75 iron silicon natural block excluding tax around 6800 yuan/ton.
Supply side: The carbon market is stable and strong operation, some carbon enterprises have been adjusted today, the rest of the enterprises will be adjusted in recent days, and the mainstream price of small and medium-sized materials in the Shenmu market today is 1040-1180 yuan/ton. The cost side support is strong, and due to the improved market this week, manufacturers are willing to resume production, the national production of ferrosilicon in August 470,313 tons, an increase of 8.26%, an increase of 35,875 tons.
Demand: The current overseas demand is not good, but the current domestic steel recruitment in September centralized procurement season, steel demand recovery has been reflected. After the spot price stabilized and recovered, some traders believe that the price bottomed out, coupled with the overall weak recovery of downstream terminal demand such as real estate, some steel mills entered the procurement, and most of the downstream are waiting for river steel pricing. Traders with low stock in the market have higher enthusiasm for replenishment, and market transaction performance has improved. Today, a steel mill in Shandong accepted a new round of ferrosilicon pricing of 7400 yuan/ton.
Summary: At present, the social inventory of ferrosilicon is declining, with little change in supply in September, although there is a slight recovery in demand, supply and demand in September or tight balance state. Looking ahead to steel demand in September, the margin should improve, but it is difficult to have a significant boost. Today is the first day of the month, traders under financial pressure may ship at a low price, and the price of ferrosilicon is under pressure. However, the downward space of the cost end of ferrosilicon is limited, and the willingness of manufacturers to raise prices has a certain support for the price of ferrosilicon. In general, it is expected that the short-term price of ferrosilicon will fluctuate and run steadily.
