Weekly Report of Ferrosilicon Market (6.15-6.18)

  • Friday, June 18, 2021
  • Source:ferro-alloys.com

  • Keywords:Ferrosilicon Market,steel,magnesium
[Fellow]Weekly Report of Ferrosilicon Market (6.15-6.18)

[Ferro-Alloys.com]In this week, domestic ferro-silicon market running stable, spot market remain short supply and factories depends on booding, adding to the higher price of semi coke, some experts predict that by the end of June, the supply of ferro-silicon will further reduce in Zhongwei, Ningxia province. And some say the next situation of spot market will be good. On the other hand, the future is going down and in a low price, besides, bidding is almost in the end in June, buyers become less, they hold a prudent mood. Compared with last week, the spot price keep balance in this week, it’s will in a stable condition for a long time. 

In steel market, it going into offseason. The purchase of downstream clients mostly depends on their demand, so that steel stock continued accumulating. Currently, the future going weak, and price in low position this week, however considered that the high price of raw material, the steel market will run in a stable or weak tone.
After the holiday, the coal price continuing to high and it tough to buy, so that the cost of Magnesium become expensive, goods in low price are difficult to found. Under the mood of buy when high price not low price, the demand of purchasing Magnesium is increase. We will still put an eye in it. Current cash quotation including tax of 99.9% magnesium ingots in Fugu area was more than 20000 yuan per ton.
Opening price of ferrosilicon futures 2109 contract of this week was 8,572, highest price was 8,600, lowest price was 7,902, closing price was 7,938 and the settlement price was 8,018. The trading volumes were 1,458,624and the positions were 218,062.
  • [Editor:李慧]

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