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Weekly Report of Ferrosilicon Market (Mar 14-18, 2022)

  • Friday, March 18, 2022
  • Source:ferro-alloys.com

  • Keywords:Ferrosilicon futures, ferrosilicon spot, ferrosilicon supply, ferrosilicon demand, steel, magnesium
[Fellow]This week, ferrosilicon futures fell first and then consolidated, returning to a rational range.

[Ferro-Alloys.com]

This week, ferrosilicon futures fell first and then consolidated, returning to a rational range; The price of raw material semi-coke decreased slightly with the decline of coal price; The demand of downstream metal magnesium for 75# ferrosilicon was fine, while the demand of steel mills was weak because most of them have completed the procurement this month, and the actual transaction was not that satisfactory. However, there were few ferrosilicon manufacturers in stock, the inventory pressure was small, and the export market situation was good, the supply was tight, the price rose, the manufacturers had a strong attitude of stabilizing the price and low willingness to ship at a low price. Although the ex-factory quotation of 72# ferrosilicon was slightly lower than that of last week, it was not large, Market sentiment was mostly cautious. Focus on the changes of supply and demand, the trend of futures market and the progress of policy news.

This week, the opening price of 2205 main contract was 9,880, the highest price was 9,934, the lowest price was 9,260, the closing price was 9,338, the settlement price was 9,406, the trading volume was 899,014, and the position was 130,343, a decrease of 6.32%.

Date

Opening price

Highest price

Lowest price

Closing price

Settlement price

Trading volume

Positions

Range

3.14

9880

9934

9670

9714

9800

191800

129989

-2.55%

3.15

9712

9748

9270

9320

9428

228557

127302

-4.90%

3.16

9458

9596

9338

9452

9474

178636

125791

0.25%

3.17

9452

9532

9260

9334

9382

150516

129556

-1.48%

3.18

9402

9498

9304

9338

9406

149505

130343

-0.47%

In the downstream, the domestic steel market was first pessimistic and then raised this week. Due to the strengthening of local prevention and control, the transportation was blocked and the construction progress slowed down, the actual trading volume of steel decreased in the first half of the week. Although it rebounded in the second half of the week, the current downstream demand was weak after all, and it was difficult to change the weak situation of the steel market in the short term.

This week, the domestic magnesium market decreased first and then stabilized, and the downstream procurement was mainly based on demand. In the absence of demand support, the short-term magnesium market was difficult to change, but the factory's willingness to low the price was not strong. In the game between the two sides, the short-term magnesium Market would still in a station of consolidation. On Friday, the ex-factory cash quotation including tax of 99.9% magnesium ingots in Fugu area was about 40000-41000 yuan per ton.

  • [Editor:kangmingfei]

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