The next day we travelled through Guizhou province into Guangxi to inspect and audit our Silicon plant in Nandan. Though the products coming out of their furnaces have always been of the highest quality, there were several shortcomings in the areas of HSE and Management policies and procedures.
Looking forward to the next few months, we are excited to be able to supply the training and monitoring required to meet EGA’s extremely high standard of supplier compliance and to begin our journey to being at the forefront of China’s Green Supply Chain movement.
Today we are excited to announce the launch of our new website that reflects our new strategy that is embodied in our new slogan:
More Than Just Trading, We Are Making The Future Greener In China.
Inspired by our global customers’ concept of Corporate Social responsibility and our governments enhanced focus on Environmental Preservation and Sustainability, Huicheng recognizes that in order to succeed in today’s global marketplace, sustainability must be embedded in the way we do business. That’s why our vision is to integrate the environmental, social, and economics of sustainability into our core business strategy, and to ensure that throughout our business we have a deep understanding of the megatrends that will affect our company. We also recognize that our response to these megatrends must be integrated into the fabric of our business’s processes, tools, and priorities.
Under fierce competitive conditions, some Chinese suppliers put forward lower prices at the expense of environmental protection and worker safety to attract customers. We strive for sustainable growth with a total quality philosophy that will ensure performance responsibly.
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.
Today is the fourth working day after Chinese Spring Festival holiday, most of silicon factories are also not in operation, they should come back to the market in early May. Currently there are 1/4 of the factories also in the market who didn’t stop producing after last December(dry period in Southwest China). Currently the price is the same as the level before the holiday, there are some inquiries in market, but mostly just asking information, and few business deals. Everyone wants to see how the silicon market will change? The Chinese year of the Pig has begun, wish everyone a great start in 2019!
Most of traders come back office after Chinese Lunar New Year, they have offer new prices to clients,the prices are a little higher than prices before holiday, there are few orders those days,all wait and see the trend in future.About two of fifths of silcon factories in market now, as usual many factories will be back office in May or June, if there will be some new change in silicon market this year? Let us expect！
In February, the market of ferrosilicon was affected by the CNY holiday. The intention sales of factory was strong before the year. It was reluctant to backlog the stock during the CNY holiday, and the price declined. And as some enterprises were affected by pressures of capital and inventory, the transaction price is low. However, the price of the big factory is still unchanged after the CNY holiday. The overall market looks at the tender results of steel factories in March.
As expected West South of China into full water period from June and July,but the price did not go down,silicon price changes day by day,somebody said the price is high up in the sky,or maybe on the way to the sky,How to change in future?none know it,we only know the price of silicon have increased about over USD 250/MT from mid of June till now,Today a person of silicon web who search the silicon info in market told me the trend is also up,so let us see in future down or up?
At present, the mainstream transaction prices of ferro silicon 10-50mm 72# and 10-50mm 75# are RMB6300-6500/ton (US $939-969/ton) and RMB6400-6600/ton (US$954-984/ton) which compared with last week increased RMB100/ton (US$14.9/ton). In view of the continuous tight supply, the industry insiders believe that the price of ferro silicon will continue to rise in the next two weeks.