SunSirs: On October 10, the Spot Market of Ferrosilicon Operated Strongly
October 11 2022 09:47:34 SunSirs (John)
Price trend
On October 10, the average price of ferrosilicon market in Ningxia was 8,250 RMB/ton, up 2.85% from the previous trading day, and down 50.30% year on year.
Analysis review
On the 10th, the spot market of ferrosilicon was stronger. The raw material semi-coke market was operating steadily. Some markets were still affected by the epidemic situation, and delivery was difficult. The market accumulated a small amount of stocks. According to the market news, the electricity charge in Qinghai increased by 4-5 points and that in Shaanxi increased by 6-8 points. The cost supported and the market price was firm. At the same time, sporadic outbreaks occurred in various regions. The Ningxia epidemic still had a certain impact on the shipping and transportation. Some regions in Inner Mongolia also started to prevent and control the epidemic.
Market outlook
On the whole, it is expected that the ferrosilicon spot market will run well supported by favorable factors.
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