How about China ferrosilicon market in November 2017
Steady early in the month
In early November, after the mainstream steel mills tendering prices were introduced, the market price of ferrosilicon basically maintained a steady strong trend.
Almost all of China ferrosilicon producers are in a state of tight inventories, only to be produced according to orders.
The ferrosilicon plants that work with CHEEGOOLE are no exception.
Ferrosilicon main producing areas remain at low inventories. The overall market turnover is stable.
Many traders are optimistic about the market, a small amount of inventory driven the entire market in stability.
The major manufacturers to row orders, inventory stress factors continue to affect the market trend.
According to the data analysis of the steel industry in the steel plant, the number of ferrosilicon tender compared to the previous month did not reduce, the demand of ferrosilicon is still stable within a short period of time.
Chaotic mid-month
In mid-month, a large ferrosilicon plant in Inner Mongolia raised its offer, which rose60 USD/MT, the EXW price of 72# ferrosilicon was 1170 USD/MT. The other main producing areas did not follow the price but chose to maintain the existing quotation.
Only a few ferrosilicon plant row orders for a long time, raising prices quoted 50 USD/MT. After the market has returned to calm, the market polarization is obvious, large companies offer high, small and medium enterprises offer steady.
In mid-November, the tender for steel mills was coming to an end. Ferrosilicon demand is on hold in short terms.
Compared with the previous market turnover showed a clear downward trend,
Ningxia producing areas mostly resumption of production, the actual transaction prices of the market are a slight decline in the trend.
Crazy at end of the month
Near the end of November, the bidding of steel mills started next month.
The price of ferrosilicon bidding by Hebei Iron and Steel Group in December was finalized at a price of 1150 USD/MT, up 80 USD/MT.
Bidding prices for other mills also rose by 60USD/MT-80USD/MT from November.
The price of steel mills has driven the entire spot market to become active.
The spot market of ferrosilicon is already on the move. Small ferrosilicon producers have raised their prices immediately, and the price has risen by 60USD/MT-80USD/MT.
In the short term, the market of ferrosilicon is easy to go up and down hardly, but it is cautious about the later market.
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