The market price of Ferrosilicon today is stable at RMB5500-5600/ton for 72# FeSi, and the price of big factories at RMB5700/ton. It is RMB6000/ton for 75# FeSi, price remains unchanged. And the market gradually begins to trade, but the volume is not large. Some downstream customers have stocked up before the CNY holiday. After the holiday, downstream customers who haven’t finished the stock before the holiday gradually begin to purchase the goods.
Although the market has gradually begun to sell, the release of demand is still waiting for steel factories’ recruitments in March. Recently, manufacturers are delivering orders which concluded before the holiday or some small new orders, large orders are less.
This week, the market remained stable. Next week, the market will focus on the calibration of Nangang. And also everyone wants to see the pace of market transactions. As long as there is little difference from the price before the CNY holiday, the market turnover should gradually become more active, and the market is expected to pass smoothly after the CNY holiday.
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