Mar. 17 2025: Ferrosilicon Latest News
Mar 17, 2025
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Mar. 17 2025: Ferrosilicon Latest News(6672, -28.00, -0.42%) : mainstream steel pricing, social bank continued to accumulate, external news disturbance, is expected to be mainly short-term shock operation. The price of ferrosilicon continued to fall this week, and rebounded on Friday, pushing up and down. There is a certain disturbance in the news surface, but there is no official news confirmed, it is expected that the subsequent mood will gradually cool down, but we need to continue to pay attention to the relevant news. From the basic point of view, the weekly production of ferrosilicon this week is still continuing to increase, as of March 14, the weekly production of ferrosilicon was 115,800 tons, an increase of 1.67% week on week, which is located in the medium high level in recent years. On the demand side, the weekly value of manganese silicon demand from sample steel mills improved significantly from the previous week, with a weekly increase of 3%, higher than the same period last year. In terms of steel recruitment, the pricing of mainstream steel recruitment was finalized, and the purchase price of 75B in March was 6180CNY/ ton, down 300CNY/ ton from the previous month, and the purchase volume was 1883 tons, an increase of 423 tons from the previous month. The rest of the steel pricing has also been reduced by 300-330CNY/ ton. In the case of low prices, traders' purchase willingness is insufficient, and the social bank is still relatively high. As of the week of March 14, the inventory of ferrosilicon of 60 sample enterprises totaled about 82,000 tons, an increase of 4090 tons from the previous month. The supply and demand pattern remains loose. At present, according to the calculation of immediate profit, Gansu, Qinghai and Shaanxi regions have lost money, the profit of Inner Mongolia is basically 0, and Ningxia region is still a little profit. Overall, the recent ferrosilicon market disturbance factors are more, but the fundamental drive is limited, the impact of external sentiment is also large, it is expected that the short-term ferrosilicon price is still wide volatility, continue to pay attention to the progress of steel, news disturbance and market sentiment changes.
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