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.