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PrintⅠ Review on Q1 Ferrosilicon Market
1. Domestic ferrosilicon market runs smoothly, but market players are still under great pressure
1) Domestic market price rebounded gradually
Table 1 Domestic market price of ferrosilicon 75# in Q1
2) Export price kept unchanged with few transactions
3) Export volume showed obvious decrease
Table 2 Export Volume of Ferrosilicon
2. International ferrosilicon market kept dull in Q1
1) Market price of ferrosilicon decreased in international market
2) Demand for ferrosilicon decreased continuously in international market
Table 3 Output of Crude Steel in Main Countries
3) Many steel mills still reduced or cut down their output
3. Inventory of ferrosilicon was still huge in China and abroad
4. Utilization of ferrosilicon production capacity in Q1 in China
Ⅱ Outlook on Ferrosilicon Market
1. Ferrosilicon producers and traders may face pressure from production and sale in near future
1) Cancellation of preferential electricity price makes producers under great pressure in their production
2) Large inventory makes market players under great sale pressure
2. Ferrosilicon may keep relative stable in Q2
1) Little room left for ferrosilicon price further down
2) Stimulated measures will be in effort
3) Domestic steel market may keep relative stable
4) Recovery of magnesium market still needs time
3. International ferrosilicon market may appear new changes
1) More positive measures will play role in international market
2) Purchase for ferrosilicon in Q2 will come
4. Total recovery of international ferrosilicon market still face great challenge
1) Developed countries face the challenge of economy recession
2) Developing countries have been hit be global Financial Crisis as well
3) Demand for ferrosilicon may recover but not very strong
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