Telephone
0086-632-5985228
E-mail
info@fengerda.com

China’s domestic ferroalloy market bottom rebound in December

December domestic ferroalloy market bottom rebound.Ordinary alloy, November ferrosilicon concussion uplink,ferrosilicon(Fesi) market is volatile, due to the spot inventory, and production costs remain high, pull up the spot price in Ningxia area.November bidding price increase 100 RMB/tons, feedback from the manufacturer, A price is not much, plus steel bidding or limited, most market participants confidence in subsequent price market slightly insufficient.

November domestic silicon-manganese alloy showed rebound trend, high manganese silicon disk low before. because of the influence of November in Inner Mongolia area many enterprises limited electricity, production is not stable, and the cost is higher, and the north weather factors, freight have rise, while the southern small and medium-sized enterprise because of electricity increases, the same construction, reducing lead to domestic silicon manganese in November fell back, make the retail price is also slightly raised, but due to the port of manganese ore inventory backlog of serious, manganese ore prices as a whole remains weak, drag on silicon manganese rush on spot price dynamics.

Figure 1: Domestic iron alloy product import and Export Trend chart (Source: MysteelData)

December Ferrosilicon price high opened, Ningxia production limit policy stimulation, manufacturers quickly increased the price, futures prices rose all the way, two trading limit, manufacturers inventory low, low reluctant to sell, the overall market performance is more chaotic.From the current situation, after a year of calm, the price of ferrosilicon market reaction is relatively enthusiastic, December ferrosilicon spot high probability can be stable in the high.

At present, Fenerda group only has a small amount of ferrosilicon inventory. Please provide your purchase plan as soon as possible. We will arrange production and delivery.Special types of ferrosilicon need to be lined up for production.

                                                          2020.12.01

                                                         Feng erda group


Post time: Dec-12-2020