Ferrosilicon futures prices are fluctuating and rising, and there are reports of price increases for raw materials such as blue carbon and iron oxide sheets. There is still some support on the cost side, and there are not many corporate stocks in stock. Some orders are mainly for production. Recently, bidding prices have stopped falling and gone up. With the increasing number of good information, industry confidence has been significantly boosted, with a strong reluctance to sell, and market quotations have been raised. According to the commodity market analysis system of SunSirs, the market price of ferrosilicon (brand: FeSi75~B; particle size grade/mm: natural block) in Ningxia on April 19 was 6,300-6,400 yuan/ton, an increase of 150 yuan/ton from last week.
Generally speaking, ferrosilicon companies have different views on market trends. The price trend of ferrosilicon is still strong, and market speculation is intensifying. The destocking speed of the upstream end is accelerating. With the fluctuation of steel prices and the risk of high molten iron peaking, there is still negative feedback on the ferrosilicon market, and the ferrosilicon market is consolidating in the short term.
