Weekly Commentary on Ferrosilicon Market (9.16-9.20)

  • Friday, September 20, 2019
  • Source:ferro-alloys.com

  • Keywords:ferrosilicon, futures
[Fellow]Ferrosilicon market still stayed weakly steady.
[Ferro-Alloys.com This week, ferrosilicon market still stayed weakly steady, the price increased a little but the effect was subtle, and it may be hard to increase again in a short run. Ferrosilicon plants have orders and the capacity utilization rate is still high, but the downstream steel mills are not in hare demand, people don’t expect very highly about the tenders in October, then the price of ferrosilicon won’t increase or decrease sharply, but may keep weakly steady until the National Day.

Steel: According to the latest data of the National Bureau of Statistics, steel production in August increased. According to China Iron & Steel Association, the inventories increased, too. But the demand didn’t come back as well as expected, and the mood of the market was pessimistic. As it gets cool, will the demand come back, will the steel market be strong, still up in the air.

Magnesium Metal: The demand was soft and the market kept weakly steady, and there were not very much good news.

Silicon Metal: News about production recovery comes one by one, but there still are many enterprises won’t reinstate the production at present. Some high-quality grade silicon price has dropped, and the consumption was weak. Overall, the silicon market was oversupplied, but the poor profit made it wouldn’t drop too much.

Coal and Coke: Capacity utilization rate didn’t change much compared to the previous week, the decreasing amplitude of the inventories shrunk, and the mood weakened, it’s hard for the price to increase in a short term.

Ferrosilicon Futures: Raised a little in stability this week, the trade volumes reached high on Tuesday and Wednesday.

Below are ferrosilicon futures main contract 2001 daily specific performances:

Date

Opening price

Closing price

Range %

Settlement Price

Trading volume

September 2nd

5850

5854

1.18

5860

98504

September 3rd

5860

5832

0.48

5856

45310

September 4th

5846

5846

0.17

5842

52204

September 5th

5880

5810

0.55

5838

67280

September 6th

5812

5860

0.38

5850

57742

September 9th

5892

5824

0.44

5848

79628

September 10th

5826

5864

0.27

5864

64498

September 11th

5860

5844

0.34

5864

54668

September 12th

5860

5860

0.07

5840

61368

September 16th

5864

5832

0.14

5862

69582

September 17th

5836

5930

1.16

5890

122028

September 18th

5908

5958

1.15

5962

129772

September 19th

5956

5970

0.13

5968

60650

September 20th

5964

5938

0.50

5926

82758

 
 
 
  • [Editor:kangmingfei]

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