Ferro Silicon Price Hard to Decrease Weekly(April 10th-April 14th)

  • Tuesday, April 18, 2017
  • Source:ferro-alloys.com

  • Keywords:ferro silicon1705# futures spot market Inner Mongolia Chinese steel companies
[Fellow][Ferro-Alloys.com] reported that Ferro Silicon1705# futures increased lightly only on Tuesday, and except Tuesday the price kept decreasing this week. Although the supply goes up this year, based on high cost, without changing of demand, ferro silicon price is...

[Ferro-Alloys.com] reported that Ferro Silicon1705# futures increased lightly only on Tuesday, and except Tuesday the price kept decreasing this week. On Friday(April 14th) morning, the close was 5154RMB, down by 40RMB, with  trading volume 9080. And Chinese domestic spot market was not active. This week they have produced ferro silicon 1705# several hundred mt, but the saling was not very good, therefore at present only three companies are still producing ferro silicon 1705# in Centre Halfback area, just because the price is not high, a company from Ningxia province told.

According to a well-known person in this field, now Chinese domestic ferro silicon capacity is 7.8 million mt, mainly distributed in Qinghai, Gansu, Ningxia provinces, Inner Mongolia, west Shanxi province and Northwest China where owns rich coal and electric power. In 2016, Ferro Silicon production reduced by 1.17% than last year, the major reason was that most companies in Ningxia province and Inner Mongolia stoped producing this. However, the reason why the ferro silicon price rising is that increasing semi-coke price, higher automobile transport cost, short supply of ferro silicon and the adjustment on elctric charge in Northwest China etc. He added, although the supply goes up this year, based on high cost, without changing of demand, ferro silicon price is hard to decline.

In April, Chinese domestic ferro silicon purchasing price of major steel companies has been determined, from 6050RMB/MT to 6250RMB/MT. The total purchasing amount is 20130mt, the specific bids are as follows:

Steel Companies

Standard

Price(RMB/MT)

Change

Note

HBIS

75B

6050

↑870

3510mt

Baosteel

75B

6150

↑970

1200mt

Shougang

75B

6200

↑870

2000mt

KISC

75B

6405

↑910

550mt

Shagang

75B

6150

↑1050

1300mt

ZENITH

75B

6100

↑1000

1200mt

Ma Steel

low Carbonate, low Titanium Ferro Silicon (Ti0.015)

9280

↓50

420mt

Bengang

75A

6250

↑950

1500mt

Ansteel

75B

6250

↑1070

1380mt

Rizhao Steel

75B

6050

/

2500mt

Xiangtan Steel

75B

6100

↑900

300mt

Dongbei steel

75B

6050

↑820

1200mt

Sangang

75B

6100

↑940

720mt

CITIC(Dazhi)

75B

6100

↑1020

700mt

CITIC(Xingcheng)

75B

6100

↑970

450mt

An Gang

75B

6050

/

1200mt

 

  • [Editor:Zhanghuimin]

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