The silicon iron market operates smoothly, with mainstream factory quotations maintained at 72 # 6800-6900, 75 # 7200-7300, and 65 # 6450 yuan/ton for cash natural blocks. Shaanxi bulk 72 # 6700-6800 yuan/ton. Manufacturers deliver orders and most maintain production as schedule. The outbound delivery in Futures warehouse dispatched in a normal level and reduced the inventory.
In the first half of September, the market price of ferro silicon increased from 72 # 6600-6800 and 75 # 7150-7300 at the beginning of the month to the current 72 # 6700-6900 and 75 # 7200-7300 yuan/ton, with 72 # increasing by 100 yuan/ton.
The first factor contributing to the price increase is the price rise in raw material semi coke, which drives up costs. Semi coke increased about 150 yuan/ton within the Month. Secondly, the black Futures market rebounded, and market sentiment improved. The third is the increase in steel bidding prices in September, supporting market prices went up. 75 # has not resumed production due to the suspended Magnesium factory, and demand remains sluggish. It is difficult for prices to rise, and there are fewer buyers who offer lower prices. However, there has been no significant adjustment for mainstream prices.
What about ferrosilicon prices in October? From the early October point of view, in fact, the price of ferrosilicon is still running steadily, and there is no particular big change. Guida Metals, as a professional ferrosilicon manufacturer, will also pay close attention to the price of ferrosilicon. And update the price of ferrosilicon in real time for everyone, to provide high-quality products, welcome your consultation.
