Ferrosilicon prices rose significantly
Recent period of silicon iron favorable factors, the strong silicon iron, on the basis of ningxia environmental protection limit production, raw material cost increase, steel price increase and other factors pushed the price of silicon iron to a new high.
The cost of raw materials is gradually moving up. The soaring price of raw coal this year has led to a rise in the cost of coal. This year, the Orchid tan Association twice called for a reduction of production and insurance price, combined with recent environmental protection policies, requiring a reduction of 35% of the production of orchid tan, and the price rose accordingly. Recently, the quotation of orchid tan has approached 1000 yuan/ton, higher than the level of the same period in 2019, and there is still an expectation of rising in the later period.
It can be seen that the current raw material price of ferrosilicon is at a certain high level, which has a strong support for ferrosilicon cost.
Steel mills have strong demand for ferrosilicon. Compared to previous data, steel procurement number compared with the past also has a larger increase, as to why increase, mainly based on the present steel stock in years ago, and the other steel mills in gradually increasing the ratio of electric arc furnace in steel, and the current varieties of steel, hot rolled better profits, thermal volume increased the amount of silicon steel production, a number of factors, lead to steel mills year-end bidding has a larger number of the increase of amplitude. Terminal steel short - term demand is not poor
Silicon iron futures strong, trading situation from time to time. Traders buy up not buy down the mood intensified, factory closure prices of the strong mood. There is a rumor in the market: as long as there is stock, you can make a deal. It can be seen that the current strength of the purchase intensity of traders.
To sum up, silicon iron market price will continue to run strong. Next need to pay close attention to the mainstream steel mills bidding pricing and futures disk brought by the market sentiment.
