Futures end: the main 06 contract of ferrosilicon 7604, the range of 2.04%, down 158, a daily increase of 5171 hands; Spot end: iron silicon steel in April to the end, return to the realistic rational interval, the main production areas 72 iron silicon natural block price 7350-7500 yuan/ton, 75 iron silicon price 8200-8500 yuan/ton.
Supply: the cost of raw materials is relatively stable, and some areas with high cost of ferrosilicon are still facing the pressure of loss. This week, the cost of ferrosilicon is maintained at about 7350 yuan/ton, and the average profit of the manufacturer is 100 yuan/ton, among which the profit in Qinghai, Ningxia and other places is better. Most of them are in peak avoidance production, individual manufacturers have maintenance and stop the furnace, the actual market transaction is still general.
Downstream: the attitude of downstream terminals is more wait-and-see, and the procurement is mainly based on replenishment. Steel mill end alloy consumption is relatively slow, the market inventory has a certain digestion, but the ferrosilicon inventory is still high. Traders end down library risk aversion is strong, cautious wait-and-see based. The downstream magnesium ingot market is affected by the demand, the market transaction situation is relatively cold, the inquiry is less and the price is obvious, 99.90% magnesium ingot Shaanxi mainstream factory cash quotation including tax 26000-28000 yuan/ton.
In general, the current demand of ferrosilicon market is still less than expected, there is a game in the speculative market, the current market is still cautious, concerned about the degree of demand and inventory destocking, it is expected that the short-term ferrosilicon market stable operation.
