SunSirs: The Spot Market Analysis of Domestic Ferrosilicon Last Week(September 2-6)
September 10 2019 09:24:00 SunSirs (John)1. the price trend
According to the price monitoring of SunSirs, this week, the price of ferrosilicon is mainly down. At present, the mainstream price of the ferrosilicon 75# domestic market is around 6,000 RMB/ton, and the price of ferrosilicon 72# is 5500-5700 RMB/ton, which slightly decreased.compared with the price of ferrosilicon the week before last.
2.Analysis review
Products: The price of upstream nickel rose by nearly 10% on Monday, then slightly declined, driven by nickel prices, stainless steel prices rose sharply at the beginning of the week, followed by a slight decline. On the demand side, according to the trader's reaction, the price of stainless steel has risen, but it can not sell real goods, and the demand is not good.
Industry Chain: This week, the raw material of liquid ammonia is running steadily, but the urea market is weak. The price of urea has fallen by 1.62%, which has a negative impact on the cost of melamine. Terminal demand is still flat, there is no substantive improvement, business people are more wait-and-see mentality.
Industry: According to the price monitoring of SunSirs, in the 35th week (9.2-9.6) of 2019, there were 31 kinds of commodities rising annually in the chemical sector, of which 8 commodities increased by more than 5%, accounting for 9.5% of the monitored commodities in the sector; he top 3 commodities were methyl butanone (13.06%), yellow phosphorus (11.51%), and mixed xylene (8.50%). There were 21 kinds of commodities with a decrease in the chain, and 4 products with a drop of more than 5%, accounting for 4.8% of the monitored products in the sector; the top 3 products were chloroform (-8.16%) and lithium hydroxide ( -6.14%), lithium carbonate (-6.00%). This week's average price of increase was 0.61%.
3.Market outlook
In conclusion, ferrosilicon analysts from SunSirs predicts that ferrosilicon prices will decline in the short term.
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