Ferrosilicon follows the rise, off-season wait-and-see
Stimulated by part of the good news, yesterday's black system futures continued to oscillate upward trend, the disk offer obviously upward driven ferrosilicon period linkage stronger, the overall price ushered in the general increase in market confidence to get boosted, most of the low price of the mood is more resistant to go, said the short-term ferrosilicon quotes or to continue to maintain a stable operating trend. Just the current is still in the industry's traditional demand off-season, and the major steel mills in July ferrosilicon bidding has basically settled, August bidding has not yet been fully launched therefore, the actual transaction follow-up status is still to be followed up. However, the short-term ferrosilicon market by the news is still more obvious, therefore, pay close attention to the specific impact of the news brought by all parties.
Ferro-silicon strong rebound, futures increased spot price support
Futures side: ferrosilicon main 09 contract closed at 5668, range +2.46%, up 136, a single day increase in positions 9936 (yuan / ton). Spot side: ferrosilicon market sentiment turned good, the disk rose to drive the spot market prices, ferrosilicon main producing areas 72 ferrosilicon natural block cash ex-factory 5200-5300 yuan / ton, 75 ferrosilicon prices reported 5650-5750 yuan / ton.
Supply:Ferrosilicon futures run strong, spot market prices followed the disk rose, the main producing areas within the plant production rhythm is relatively stable, the current business mentality is more positive, price hike mood has become strong, out of stock situation is still good. Lanchar market is mainly stable, downstream demand appeared to stage recovery, demand support stronger, now the small material ex-factory price cash with tax reported 535-590 yuan / ton.
Downstream:Macro policy is expected to continue to warm, black market confidence to further repair, the market is quite price hike mood is stronger, driven by the market push up sentiment, magnesium metal market quotes slightly upward, by the market inventory under the support of the low level, the manufacturers offer stable, the market inquiries are active, the actual single bargaining range is more tolerant, 99.90% magnesium ingot Shaanxi mainstream ex-factory cash tax included 16400-16500 yuan / ton or so!
In general, ferrosilicon spot demand toughness is not enough, the mood or the key to drive the price rebound, the overall wait-and-see mood is strong. Macro favorable information to drive the disk rose, market sentiment remains high, is expected to short-term ferrosilicon spot prices run strong, the transaction situation to be followed up.
