Monthly Report of Ferrosilicon Market in April, 2022

  • Friday, April 29, 2022
  • Source:ferro-alloys.com

  • Keywords:Ferrosilicon futures, ferrosilicon futures, steel ,arket, magnesium market
[Fellow]The market was not stimulated by positive or negative news, and there was a strong sense of cautious wait-and-see.

[Ferro-Alloys.com]

[Ferrosilicon Market] At the beginning of April, the ferrosilicon futures continued to rise sharply for several days, the spot quotation followed to adjust, the transaction gradually followed up, the spot resources became tighter, at the same time, the price of raw material semi-coke rose, the downstream demand was ok, the overseas inquiry was good, and the market sentiment was relatively optimistic. In the middle of the month, driven by favorable factors such as the notice of the semi-coke industrial office and the news of replacement in Erdos Group, the futures market continued to rise, then consolidated at a high level, the spot market operated firmly, and the demand of downstream steel mills was expected to release, so it was difficult to find low-cost goods; The manufacturer had a high enthusiasm for scheduling production, the operating rate has increased steadily, and the production end remains stable; In late April, the futures market continued to fall. Although there was not much inventory, the support was insufficient after all, and the quotation was reduced; In May, the tender volume of 75B ferrosilicon of HBIS group decreased by 664 tons month on month to 1416 tons, and the tender price increased by 450 yuan per ton month on month to 10500 yuan per ton, lower than expected. The market was not stimulated by positive or negative news, and there was a strong sense of cautious wait-and-see.
 
[Futures Market] The opening price of 2209 main contract of ferrosilicon futures in April was 10,116, the highest price was 11,340, the lowest price was 9,806, the closing price was 9,964, the settlement price was 9,948, the trading volume was 3,252,010, and the position was 120,939, a decrease of 0.97%.
 

Date

Opening price

Highest price

Lowest price

Closing price

Settlement price

Trading volume

Positions

Range

4.1

9954

10308

9824

10286

10056

153601

99589

3.50%

4.6

10280

10548

10126

10408

10362

164445

110473

3.50%

4.7

10324

10458

10178

10430

10330

149572

101554

0.66%

4.8

10400

10848

10358

10770

10664

261151

128400

4.26%

4.11

10600

10692

10200

10230

10372

219666

98674

-4.07%

4.12

10328

10440

10186

10398

10306

158746

87419

0.25%

4.13

10422

10478

10170

10342

10336

148101

78652

0.35%

4.14

10338

10628

10312

10462

10456

114058

67442

1.51%

4.15

10494

10938

10404

10914

10672

121188

50789

4.38%

4.18

10900

11062

10696

10908

10892

54958

34935

2.21%

4.19

10900

11002

10568

10674

10806

37397

23920

-0.64%

4.20

11000

11186

10910

11018

11036

207632

139151

-0.02%

4.21

11050

11112

10900

11018

11002

164748

144045

-0.16%

4.22

10972

10996

10758

10894

10880

166601

133397

-0.98%

4.25

10600

10600

10080

10122

10368

251297

124833

-6.97%

4.26

10130

10352

10130

10206

10248

137072

107854

-1.56%

4.27

10298

10394

9854

9970

10100

250781

123066

-2.71%

4.28

9990

10074

9806

9964

9936

174018

111644

-1.35%

4.29

9968

10046

9828

9964

9948

169767

120939

0.28%
 

[Ferrosilicon Exports] According to data of China Customs, in March 2022, China exported 76259.419 tons of ferrosilicon (containing by weight more than 55% of silicon), an increase of 47.62% year-on-year and 72.35% month on month. From January to March 2022, China exported 189012.107 tons of ferrosilicon (containing by weight more than 55% of silicon), a year-on-year increase of 110.07%. In March 2022, China exported 1937.246 tons of ferrosilicon (containing by weight ≤ 55% of silicon), a year-on-year decrease of 14.96% and a month on month increase of 122.30%. From January to March 2022, China exported 5274.706 tons of ferrosilicon (containing by weight ≤ 55% of silicon), a year-on-year decrease of 11.50%.
 
[Steel Market] Considering the control management was still being implemented in many places, there were still various uncertain factors, the increasing output of steel mills was limited, and the delivery situation has not been significantly improved; Due to the high prices of raw materials such as iron ore and coke, and the weak demand of downstream construction projects and manufacturing industry, iron and steel enterprises were under great pressure, and some steel mills suffered losses in the first quarter. The National Development and Reform Commission and other relevant departments released information that the national crude steel output reduction would continue in 2022, which would restrain the demand for raw materials, promote the return of costs to rationality, improve the profitability of iron and steel enterprises and market expectations, and boost market confidence. Superimposed on the favorable macro policies, it was expected that the short-term steel price may still be supported and continue to operate in shock.
 
[Magnesium Market] In April, the metal magnesium market was affected by poor domestic and international demand, the inventory of supply end rebounded, and there were problems such as traffic obstruction and poor delivery. The overall mood was not high. The factories had different predictions for the future market, and the quotation price difference was large. However, when the demand was not optimistic, it was difficult for the magnesium market to make a big change in the short term, and it was expected that most of them would continue to consolidate and operate in shock. The ex-factory cash quotation including tax of 99.9% magnesium ingots was various from 35000 to 38000 yuan per ton.

 

 

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  • [Editor:kangmingfei]

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