Weekly Commentary on Ferrosilicon Market (7.29-8.2)

  • Friday, August 2, 2019
  • Source:ferro-alloys.com

  • Keywords:ferrosilicon
[Fellow]Most people are focusing on steel mills tender price of August.
[Ferro-Alloys.com] The ferrosilicon market kept steadily weak this week, due to less-than-satisfactory trading volumes, many small and midium-sized manufacturers lowed their prices but big factories were still maintaining high prices. 
 
Most people are focusing on steel mills tender price of August, and until present time, both the price and the volume were more or less increased, which would be a good news to ferrosilicon.
 
Steel: The environmental protect policy of August was not as strict as July and would influence steel productions little. But due to the high temperature, the construction conditions were severe. On the other hand, due to the slack season, the steel was not in a high demand, then the contradiction between the supply and the demand was still exist.
 
Deformed Steel Bar: the supply was more than the demand since the late July, and the stockpile was increasing and the market was downlink.
 
Magnesium Metal: Weakly steady. The low price was "unable to stand", factories said. Plus the high temperature and some other reasons, suppliers were unwilling to low the price. Meanwhile, the purchasers were still waiting and seeing. The whole trading volumes were not satisfactory.
 
Silicon Metal: Many factories dropped their productions after the price falling for days, which caused the stockpiles of silicon metal decreased. This week, price of silicon metal stopped falling and the demand was improved, it's expected that the market would be steady in a short term.
 
Coke: Low stockpiles helped the price increased for a second round. The environmental protect policy of August was not as strict as July was a good news to Coke suppliers.
 
Ferrosilicon Futures: On Friday, the closing price ended on 5910, almost kept downtrend for the whole week (except several small fluctuation).

Ferrosilicon futures main contract 1909 daily 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

July 22nd

6266

↑2.09

6318

126502

July 23 rd

6212

↓1.68

6220

101500

July 24th

6160

↓0.96

6180

75562

July 25th

6116

↓1.04

6126

101726

July 26th

6122

↓0.07

6134

60384

July 29th

6080

↓0.88

6088

72082

July 30th

5996

↓1.51

6034

103210

July 31st

5966

↓1.13

5994

86762

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  • [Editor:kangmingfei]

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