Can Ferrosilicon Completely Usher in A Turnaround

Latest: Today, news came out that a ferrosilicon enterprise in Inner Mongolia stopped a ferro silicon furnace for maintenance. The time of resumption of production is still uncertain. The specific impact brought in the future will continue to be followed up by the relevant personnel of this website; the April ferro silicon bidding price of a steel plant in North China was announced, which was 5950 yuan/ton for tax-inclusive factory acceptance, a price drop of 230 yuan/ton compared with March, and the purchase quantity was 3400 tons, an increase of 400 tons compared with March; the April ferro silicon bidding price of another steel plant in North China was announced as 5950 yuan/ton, a price reduction of 230 yuan/ton compared with last month, and the purchase quantity was 500 tons.

There is only about a week left before the May Day holiday. In the absence of obvious news stimulation, the short-term ferro silicon market may temporarily maintain a stable operation trend, and it is expected that the possibility of a significant price adjustment may not be great. As the holiday approaches, some optimistic people said that buyers may replenish their stocks in advance, which may provide favorable support for the overall market, but whether the final trend can be achieved as expected should be further paid attention to. In addition, regarding the future trend, in addition to paying close attention to changes in supply and demand, the pricing of the new round of ferro silicon bidding by major steel mills, the trend of raw material prices, futures performance, and the impact of news cannot be ignored (the above views are for reference only and are not investment advice).