【 Macro and Industry News 】
This week's Chinese arrivals came from South African manganese mines of 255,400 tons, down 35.99 percent from the previous week and 25.33 percent from the same period last year. 53,300 tonnes from Australian manganese ore, down 100 per cent from the previous week and 13.7 per cent from the same period last year. 105,700 tonnes from Gabon manganese ore, up 12.2 per cent from the previous week and 100 per cent from the same period last year.
[trend strength]
Trend strength of ferrosilicon: -1; Trend strength of manganese silicon: 1
Note: The trend strength is an integer in the range of -2,2. Strength degree is classified as follows: weak, weak, neutral, strong, strong, -2 indicates the most bearish, 2 indicates the most bullish.
[Views and Suggestions]
Ferrosilicon and manganese silicon within the week slightly divergent performance, demand is still the dominant logic of the current double silicon price operation. From the perspective of plate negative feedback chain conduction, the sheet needs continuous pressure, and the output is correspondingly weakened, which has a direct impact on the demand for double silicon. At present, the profit of the double silicon industry chain has not formed constraints on the upstream supply, and the industrial contradiction of relatively loose double silicon supply has not been resolved, and the price pressure still exists. However, as the market price continues to fall, the marginal response of silicon price to weak demand tends to weaken, which intensifies the lateral volatility of short-term price. In the short term, the industrial pattern is still weak, the demand is expected to repeat the situation still exists, double silicon overall or low shock to the idea of treatment.
