Price trend
On September 19, the average price of ferrosilicon in Ningxia was 7,850 RMB/ton, up 1.76% from the previous trading day and down 32.52% year-on-year.
Analysis review
On September 19, the raw material semi-coke issued a price increase notice, which would be implemented from the 20th: 2,000 RMB/ton for large material, 1,900 RMB/ton for medium material, 1,850 RMB/ton for small material, and 1,300 RMB/ton for crushed semi-coke. The increase in the price of raw materials had a certain support for the cost price of ferrosilicon.
Halfway through September, Ningxia manufacturers have resumed production, supply has begun to recover, and the overall downstream demand will also increase. On the 19th, the futures disk was running well, and various favorable factors gave the ferrosilicon market certain confidence. Before the tender of steel mills in October, it is difficult for the spot price to fluctuate greatly.
Market outlook
In the short term, the spot market of ferrosilicon is mainly wait-and-see, and the price will be relatively steadily.
