Futures end: the main 06 contract of ferrosilicon closed 7370, the range of -1.31%, down 98, a daily increase of 924 hands; Spot end: weak operation of ferrosilicon, the terminal market is still not significantly improved, the main production area 72 ferrosilicon natural block price 7350-7500 yuan/ton, 75 ferrosilicon price 8200-8500 yuan/ton.
Supply side: the plate fluctuated down, spot price with the plate have different degrees of decline, enquiry transaction is weak, individual ferrosilicon manufacturers choose not to quote due to increased losses. Restrained by profits, manufacturers lack of confidence, enthusiasm to start down, some manufacturers low warehouse operation or delay the resumption of production plan.
Downstream: According to the customs data, the total export of ferrosilicon in March 2023 was 36,818.478 tons, which increased by 12436.52 tons compared with the export volume in February. The infrastructure manufacturing industry remained stable, the import and export volume of ferrosilicon recovered slightly, and the black department was weakened as a whole. At present, the market mentality of the industry is more cautious. Steel mill profit is weak, replenishment is expected to be insufficient, silicon iron inventory digestion power is not good. Traders spot procurement enthusiasm weakened, more inclined to futures plate point price operation.
In general, the current industry chain is still in the negative feedback stage, the demand ratio of ferrosilicon is slow to improve, the overall supply and demand is weak, the spot sentiment is strong, there is a game in the speculative market, the trend of the spot price of ferrosilicon is expected to be under pressure in the near future.
