This week, the market price is still mainly steady ferrosilicon. Northwest 75# factory tax mainstream price basically maintained at 6900-7100/ tons, 72# at 6700-6900 yuan / ton. Recently, ferrosilicon manufacturers have different attitudes, on the one hand, affected by the northwest part of the power limit, the market spot supply is tight, some manufacturers will slightly increase the price, 75# to 7200 yuan / ton. On the other hand, most manufacturers have said that this week, the ferrosilicon market turnover is very general, obviously inferior to the previous week, with the downstream consumer for the Spring Festival stocking of this round of procurement in the past, ferrosilicon prices rising lack of support. At present, only 10 days from the Spring Festival holiday, most manufacturers believe that the price will remain stable before the holiday.
Ferrosilicon export market is relatively cold, the transaction is dull. At present, ferrosilicon 75# export quotes at 1500-1550 dollars / ton, but this week the individual traders offer has been less than $1500 / ton FOB level, the lowest in 1480 U.S. dollars / ton FOB. Due to the decline in ferrosilicon prices earlier this month, foreign procurement is slightly active, but at present, foreign demand has not really good, the transaction is still dull. It is expected that the export market will improve after the Spring Festival, with the increasing demand of foreign consumers.
Market forecast: Although the current market is tight, but due to the market acceptance orders more, coupled with the current ferrosilicon transaction dull many, ferrosilicon prices difficult to rise, it is expected before the Spring Festival ferrosilicon market will remain stable