SunSirs: Steel Bidding Has Not Started, the Market Is Unclear, and the Ferrosilicon Spot Is Operating Stably
December 30 2021 13:31:40 SunSirs (John)
Price trend
On the 29th, the quotation of ferrosilicon was weak and stable, and the mainstream quotation of 72 ferrosilicon in Ningxia was around 8,100-8,200 RMB/ton.
Analysis review
Recently, the market is still in a stalemate, and the high quotations of factories are generally sold. However, due to cost pressure, manufacturers are less willing to continue to decline. Semi-coke is still in the process of arranging, and there is no clear policy. In addition, there is no new news to stimulate the market. the spot market is still dominated by stability. The current long-short market situation is temporarily unclear, and the wait-and-see atmosphere is relatively strong.
Market outlook
At present, the January steel bidding has not yet started, and the volume and price performance is not clear. The follow-up market needs to focus on the January steel plant bidding and futures disk fluctuations. In the short term, the ferrosilicon spot market may continue to operate in a weaker position.
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