We're pleased to provide the latest update on the China Ferro Silicon market as of April 26, 2024.
The ferro silicon futures market fluctuated, and the spot quotation was firm. The supply of low-priced goods in the market decreased. Most factories in the main production areas arranged orders for production, and the spot price is still tense, and there is inventory in the delivery warehouse. However, due to the high futures price, there is no advantage in the disk price, and the supply of disk goods flows slowly to the market. In the short term, the supply of ferro silicon remains tight.
In terms of raw materials: Shenmu semi-coke Group issued a price adjustment notice, stating that due to the rise in coal prices, environmental protection inspectors have strictly controlled the energy consumption of the semi-coke industry, and some blue carbon companies have shut down for rectification. Subsequently, the production cost of semi-coke will continue to rise.
Magnesium metal: The magnesium market is running smoothly, high-priced downstream companies are generally following up, and market transactions have cooled down. The quotation is relatively strong. The May Day holiday is approaching, and the upstream and downstream players continue to compete. In the short term Magnesium prices may continue to be stable and relatively strong.
In general: Steel bidding has started one after another in May. It is expected that steel bidding prices will stop falling and rise in May, and the increase may be 200-300 yuan/ton. In the short term, the tight spot situation of ferro silicon remains unchanged. The market is expected to maintain strong operation before May Day. After the holiday, attention will be paid to the resumption of production of factories in production areas.
Hope it will help to guide your purchasing plan. If you have any new enquiry, please don't hesitate to contact us at jscferroalloy@jscferroalloy.com. Stay informed with the latest updates!
Keywords: Ferro Silicon, Ferrosilicon, FeSi, FeSi 65, FeSi 72, FeSi 75, Ferro Silicon Market, Steel mills
