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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 cal...
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.