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[Steel Mills Tender] HBIS released ferrosilicon 72# tender price of February as 6900 yuan per ton, an increase of 750 yuan per ton on January, and the tender volume was 1050 tons, down by 863 tons vs. the last month.
[Spot Market] Due to the weaker down-stream demand, and the difficult traffic, there were few deals on ferrosilicon market, and some of the suppliers didn't quote temporarily. On the other hand, raw materials cannot be supplied in time resulted from the traffic so the productions were influenced, too. But most big plants maintain normal production to fulfill the orders, according to the market research by Ferro-Alloys.com.
[Spot Price] Under the influence of all the advantageous factors, presently, quoted price of ferrosilicon 72# of big plants was around 6300-6400 yuan per ton and ferrosilicon 75# was around 6500-6600 yuan per ton. The quoted price of minor enterprises would be a little less than that.
[Ferrosilicon Futures 2005 contract] Opening price of ferrosilicon futures 2005 contract was 5922, highest price was 5976, lowest price was 5822, closing price was 5832 and the settlement price was 5836. The positions were 60733 and the trading volumes were 174767.
Below are ferrosilicon futures main contract 2005 daily specific performances:
|
Date |
Opening price |
Highest price |
Lowest price |
Closing price |
Settlement Price |
Trading volume |
Positions |
|
2.10 |
5922 |
5932 |
5892 |
5898 |
5908 |
26460 |
76588 |
|
2.11 |
5908 |
5950 |
5848 |
5948 |
5924 |
42429 |
76523 |
|
2.12 |
5968 |
5976 |
5890 |
5910 |
5918 |
38750 |
72112 |
|
2.13 |
5920 |
5922 |
5824 |
5864 |
5870 |
43110 |
63778 |
|
2.14 |
5870 |
5870 |
5822 |
5832 |
5836 |
24018 |
60733 |
[Stand Together to Fight Coronavirus] What should be noticed is that, ferrosilicon plants, including Dragon Northwest Ferroalloy Co., Ltd. and Erdos Group and others are standing together to fight coronavirus. On one hand, they produce and transport safely, and on the other hand, they contributed goods and materials which were needed at the frontlines.
[Steel Mills] Due to the coronavirus, the manufacturing and construction industries delayed return to go into operation, and the downstream demand for steel declined. Plus the difficult traffic, the transactions reduced and the price decreased, too. Many steel mills cut productions. The pessimistic market was partially caused by the coronavirus of course, but it was also the result of the shakedown period during the slack season.
Confronting the coronavirus, steel mills also united to battle it. They pushed on intelligent manufacturing and transportation to keep the market stable. And meantime, they dominate goods and materials to offer support to win the fight.
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
- [Editor:kangmingfei]
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