[Ferro-Alloys.com] 

[Steel tender] HBIS Group released its ferrosilicon tender notice this week, with a price of 6100 yuan per ton, up by 50 yuan per ton than last month and a volume of 563 tons, down by 2235 tons than last month.

[Market information] According to market sources: the newly increased production capacity of 2 * 40500kva furnace in Shenmu area of Shaanxi Province will normally produce ferrosilicon in the near future, with an estimated output of more than 9000 tons.

[Spot market] Although the bidding volume of ferrosilicon in large-scale steel plants has decreased sharply (considering the high inventory of ferrosilicon in steel plants, or affected by the policy of environmental protection and production reduction?). However, under the influence of favorable factors, such as the tight supply pattern, the upward movement of the cost end price of ferrosilicon raw materials, the rise of steel bidding price (the bidding price in October increased by 40-100 yuan per ton compared with September) and the strong trend of futures market, the ferrosilicon market continued to operate steadily this week, and the price increased slightly. Pay attention to supply and demand changes and inventory changes.

[Ferrosilicon futures 2101 contract] Opening price of ferrosilicon futures 2101 contract of this week was 5,840, highest price was 5,980, lowest price was 5,828, closing price was 5,968 and the settlement price was 5,950. The positions were 72,147 and the trading volumes were 264,330.

Below are ferrosilicon futures main contract 2101 daily specific performances:

[Steel market] In September, the domestic steel market demand was lower than expected, and the market sentiment was relatively pessimistic, but enterprises still had expectations for October. In the early ten days of October, the steel supply side is still high, but the total output is expected to decline in the fourth quarter. For the market demand in October, the industry believes that there is room for growth. After the festival, with the downstream demand increasing, environmental protection policy and other favorable effects, steel turnover increased, inventory decreased significantly. Before the winter shutdown and winter storage, the steel market still has strong support.

[Metal magnesium market] After the festival, the magnesium market rebounded mildly. It was also reported that some factories in fugu area began to reduce production. Although the overall magnesium market was still weak, the market of ferrosilicon at the raw material end was strong, and the coal price rose, the magnesium market was expected to have a good trend in the short term. Current cash quotation including tax of 99.9% magnesium ingots in Fugu area was around 12300-12400 yuan per ton.