Weekly Report of Ferrosilicon Market (7.12-7.16)

  • Friday, July 16, 2021
  • Source:ferro-alloys.com

  • Keywords:Ferrosilicon Market,steel,magnesium
[Fellow]Weekly Report of Ferrosilicon Market (7.12-7.16)


[Review of this week] On July 12, 2021, Baotou Power Supply Bureau make a planned overhaul from July 12, 2021 to July 18 power outage announcement.

Wuzhong City in Ningxia the letter Bureau and Development and Reform Commission published notice on imposing limits on some energy-intensive businesses shut down, mainly involving calcium carbide, ferroalloys, silicon metal, cement industry, limiting downtime temporarily for a month, according to the assessment of energy - saving diagnosis of enterprises and industrial energy consumption targets at any time in the city.

Inner Mongolia Power Grid was released July 15 to 19th ordered red, orange, warning. Electricity shortfall of 8.63 million-kilowatt on July 15, electricity shortfall of 8.33 million-kilowatt on July 16, electricity shortfall, July 17 5.93 million-kilowatt. Electricity shortfall, July 18 5.43 million-kilowatt, July 19 electricity shortfall of 4.03 million-kilowatt.

 [Spot market] Energy consumption in Ningxia double control policy, power rationing measures in Inner Mongolia a gradual upgrade, factory boiler overhaul of Shanxi Province -- the main policy areas more frequently introduced, beginning on Wednesday, futures side is continuing to rise and significant, although the spot market this week is stability, but the factory have enough confident, ferrosilicon market in the short term is expected to be running smoothly. Chinese ferroalloys network will continue to focus on the follow-up.

[Steel market] CISA according to the latest data, key mills crude steel production of 2.1376 million tons per day in early July and were down 5.56 ; stocks of 14.0573 million tons of steel, an 291,200 increase over the previous ten - ton.

Many places are in high temperature and rainy weather, the lower reaches of the weak market demand for steel and iron ore prices remain high, overlays, Anhui, Jiangsu and crude steel production policies, steel supply - side drop in the near future, inventories increased steel prices and emotionally led a modest uptick, steady in the short term is expected to run.

[Magnesium] Sustained high temperature and current environmental policies, such as upgrading Plant in Shaanxi Province, making production is limited spot in the market don't have a lot of cases, the factories offer high; downstream customers to uphold the principle of buying up buying fell, trading volume has increased. Current cash quotation including tax of 99.9% magnesium ingots in Fugu area was more than 20000 yuan per ton.


[Futures] Opening price of ferrosilicon futures 2109 contract of this week was 8,300, highest price was 8,964, lowest price was 8,104, closing price was 8,856 and the settlement price was 8,796. The trading volumes were 1,418,368 and the positions were 601,063.

  • [Editor:李慧]

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