Weekly Commentary on Ferrosilicon Market (7.15-7.19): Ferrosilicon transaction price went up gently

  • Friday, July 19, 2019
  • Source:中国铁合金网

  • Keywords:ferrosilicon, spots, futures, price
[Fellow]This week, the transaction price went up gently but the trading volume was finite. But the price was upward due to the low inventory.

[Ferro-Alloys.com]

Spots Market:

Ferrosilicon: The ferrosilicon price of a big supplier in northwest China was increased from last Thursday, and many suppliers increased their production price in succession(some of them were caucious). This week, the transaction price went up gently but the trading volume was finite. But the price was upward due to the low inventory.

Coke: According to the latest data of National Bureau of Statistics, 15th July, quoted price of coke was 1779.5 yuan per ton, decrease 132.9 yuan per ton(6.9%). Late in this week, some steel mills in southern Shanxi region accepted the first round of price hikes to 1780 yuan per ton(tax-included acceptance, ex-factory price). Due to the restraint of production in Shandong and Shanxi province, the utilization of capacity fell down this week. The whole inventory was around 100,000 tons and supplies were tightening. Currently the first-round price-hiking was under way.

Silicon Metal: Recently, due to low price, the suppliers' enthusiasm was weakened and silicon metal factories were under stress, some of them already shut down their productions to relieve pressure.

Steel: Mainstream price was between 3970 to 4000 yuan per ton. Figures this week showed that the increased productions in East China balanced the decreased productions in Tangshan region and the overall outputs were increased. Inventories of spiral burr and hot rolling increased, and the consumption was weak.

Magnesium Metal: Influenced by the increased price and the decreased inventories of ferrosilicon, factories focused on producing mainly this week, the quoted price went up a little and mostly kept stable. As for downstream demand, it was still weak and the trading volume was low.

Futures Market:

Ferrosilicon futures 1909 contract was in a very high historical range, factories increased price in succession but the real purchase was prudent. The positions arised largely last Friday and fell down this week and kept generally stable. Pre-crash highs was expected.

 

Ferrosilicon futures main contract 1909 daily closing price, the specific performance as follows:

 

Date

Closing price

Range %

Settlement Price

Futures trading volume

July 1st

6218

0.42

6244

88188

July 2nd

6178

1.06

6174

92792

July 3th

6146

0.52

6152

60170

July 4th

6164

0.20

6154

53850

July 5th

6146

0.13

6156

42186

July 8th

6140

0.26

6168

92242

July 9th

5982

3.02

6074

145824

July 10th

5990

1.38

6006

72024

July 11th

6008

0.03

5968

92790

July 12th

6244

4.62

6228

374784

July 15th

6338

1.77

6316

186422

July 16th

6324

0.13

6314

113906

July 17th

6342

0.44

6334

164028

July 18th

6356

0.35

6368

196106

July 19th

6432

1.01

6400

158476

The 7th Electrolytic Manganese International Conference, you won't miss it!

  • [Editor:kangmingfei]

Tell Us What You Think

please login!   login   register
  • Buy & Sell

 
Please be logged in to comment!