Apr. 3, 2025: Ferrosilicon Latest News
Apr 03, 2025
Ostavi poruku
Apr. 3, 2025: Ferrosilicon Latest News(6672, -28.00, -0.42%): Wednesday, ferrosilicon futures center of gravity shifted slightly upward, the main contract closed at 5960CNY/tonne, up 0.17% from the ring, the main contract position fell 17,289 lots from the ring. 72 ferrosilicon summary price of about 5650-5850CNY/tonne, the Inner Mongolia region up 50CNY/tonne compared with the previous day, the Ningxia region is basically the same compared with the previous day. The recent black plate overall trend of warming, ferrosilicon futures center of gravity moved slightly up, but the rate of increase behind. Fundamentally, the support is still relatively limited, but in the past two days, some areas of spot prices up, Inner Mongolia region spot profit is basically 0, the rest of the main producing areas are still in the red, Inner Mongolia factory 10 or so plans to stop 16 ferrosilicon furnaces, which part of the ferrosilicon furnaces are mainly produced by the 75 ferrosilicon, which will reduce the daily output of 700-800 tons. Demand-side view, the price is low, traders purchasing stock willingness is limited, April steel recruitment in succession, the overall progress is a little slow. Comprehensive view, short-term ferrosilicon supply and demand marginal changes are limited, but the absolute price has been low, and the follow-up is still a large plant will continue to reduce production, we believe that the follow-up ferrosilicon prices below the space is limited, but the upside still need to see more drive, pay attention to the supply of reduction, market sentiment and tariffs settlement.
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