Market news (data from Ferroalloy online) : ①20 days silicon manganese 6517# Ningxia, Inner Mongolia price 6,900-7,000 yuan/ton; Guizhou, Guangxi quotation 7050-7150 yuan/ton, temporarily stable. (Cash ex-factory offer, including tax, yuan/ton). ② 20th 72# ferrosilicon: Anyang 7100-7150 (cash tax exclusive), Shaanxi 7300-7400, Ningxia 7450-7500, Qinghai 7400-7500, Gansu 7400-7500, Inner Mongolia 7400-7500 (cash tax inclusive natural block factory, yuan/ton). ③ 20th 75# ferrosilicon: Shaanxi 8400-8500, Ningxia 8300-8400, Qinghai 8200-8300, Gansu 8200-8300, Inner Mongolia 8300-8400 (cash including tax natural block factory, yuan/ton); FOB Ferrosilicon: 72#1440-1470, 75#1540-1570 (US $/ ton, including tax).
Early comments: iron silicon plate high fall, afternoon stabilization and small rebound, 06 contract fell the most, manganese silicon open a small decline after sideways concussion. The cost of double silicon did not change much, except for the port manganese ore continued to fall, chemical coke, charcoal, silica, electric power were stable. The supply end of silicon manganese is still in load reduction production, and the supply end of silicon iron has resumed slightly. The bidding of steel mills is coming to an end in April. In the short term, we will pay attention to the changes of silicon manganese production in Ningxia. In summary, the high level of the silicon plate fell sharply, 06 contract fell to 7550 yuan/ton line, with the current Zhongwei region low factory cost to calculate, 06 has fallen to the warehouse receipt cost range, short-term cost support is effective; In the medium and long term, we will pay attention to the power run on local ferroalloy production caused by the production of industrial silicon and polysilicon in northwest China in summer, and the changes in the production of blue carbon in Xiafu Valley at three time points in April, May and June.
Trend: double silicon bargain layout 09 single, silicon iron bargain layout 06 single.
Cross - variety arbitrage: double silicon 09 price spread to expand.
