SunSirs: In the Short Term, the Ferrosilicon Spot Market May Operate Stably
December 24 2021 14:03:19 SunSirs (John)
Price trend
On the 23rd, the mainstream price of 72 ferrosilicon in the main producing areas of Ningxia was around 8,100-8,300 RMB/ton.
Analysis review
Market pessimism also gradually emerged following the downward trend of futures.
At present, the steel bidding in December is gradually ending, and the steel bidding has not yet started in January, and the market has no other news to stimulate and impact. The market is still waiting and watching. Uncertain factors such as raw material semi-coke and differences in electricity prices in various production areas and weak demand are still difficult to form a strong support for current market prices. The market news is relatively calm, and the mentality of factory shipments at high prices and downstream purchases at low prices are still in repeated games. The tightening of the supply side to adjust the market regulation of weak downstream demand still needs time to further improve. In view of the later trend, it is still needed to pay attention to the performance of the new round of steel bids and the trend of futures disk.
Market outlook
In the short term, the ferrosilicon spot market may operate stably.
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