Market news (data from Ferroalloy Online) : ① 23th silicon manganese 6517# Ningxia, Inner Mongolia price 6650-6700 yuan/ton; Guizhou, Guangxi quotation 6650-6700 yuan/ton, temporarily stable. (Cash factory offer, including tax, yuan/ton). ②23 days 75# ferrosilicon: Shaanxi 7200-7250, Ningxia 7200-7250, Qinghai 7200-7250, Gansu 7200-7250, Inner Mongolia 7200 (cash including tax natural block factory, yuan/ton); FOB: 72#1240-1280, 75#1320-1360 (USD/ton, tax included). ③ On the 23rd, 72# ferrosilicon: Anyang 6500-6550 (cash excluding tax), Shaanxi 6600-6700, Ningxia 6700-6800, Qinghai 6700-6800, Gansu 6700-6800, Inner Mongolia 6800-6900 (cash including tax natural block factory, yuan/ton).
Early comment: The 23rd double silicon disk continues to follow the black plate high fall, intra-day fluctuation is small. From the cost side, the chemical coke fell temporarily stable, the rest of the double silicon raw material end did not change, the price of iron silicon in Ningxia region slightly strengthened, and the overall double silicon cost profit remained stable. The first round of metallurgical coke reduction again encountered resistance, the black disk to maintain a strong shock pattern, double silicon fell more in the early stage, on the premise of no change in the fundamentals this week, there was a slight rebound from the bottom, from the fundamental analysis, the supply and demand level is still stable and weak, ferrosilicon supply is still in the upward channel, silicon manganese inventory is concentrated in the period; At the cost side, there is marginal disturbance, the coal quotation at the pit mouth picks up, the carbon inventory is not high in the short term, the manufacturer has the intention to increase the quotation, and the landing situation needs to be paid attention to in the later stage, if the landing or the formation of a rebound drive on the silicon iron disk surface; Chemical coke before metallurgical coke down two rounds of quotation, however, metallurgical coke landing blocked, short-term silicon manganese cost line is unlikely to decline again, high supply of silicon manganese cost stabilization on the disk is difficult to form effective support. Medium and long term double silicon on high empty ideas do not change, but need to pay attention to the price adjustment of carbon and steel rhythm.
Trend: Medium term double silicon on the high short unchanged, in recent months ferrosilicon wait-and-see.
Arbitrage: the early price difference is reduced to leave the field, and it can still be reduced after the expected fall of the price of electricity.
