Analysis of the ferroalloy market

12/09/2024
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Ferrosilicon – Today’s ferrosilicon market is temporarily stable, and downstream demand has not seen a significant improvement. At present, the lack of obvious positive stimulus, the ferrosilicon market shows the development of a stable situation, but the pace of steel procurement is slow, the market mentality and sentiment are still poor, the confidence of the industry is insufficient, and the atmosphere of procurement is difficult to improve. On the demand side, all nine silver and ten expectations have not been fulfilled, downstream procurement of raw materials is still more cautious, and retail transactions are light and difficult to change. On the supply side, the recent maintenance of some factories in Ningxia will slightly reduce production, but the long-term situation of excessive supply will be less alleviated.
Silicon manganese — silicon manganese market continues to be weak operation, steel mill pressure price sentiment is not reduced, manufacturers under cost pressure more than closed, poor profitability, low market confidence, silicon manganese market prices continue to bottom out.
Electrolytic manganese sheet — electrolytic metal prices have risen slightly, but the downstream end has a price psychology for electrolytic metal prices, and more hold a cautious wait-and-see mentality. In the future market, the price mentality of electrolytic manganese manufacturers is gradually rising, and the quotation is rising, but in the case of limited downstream demand, the positive support for electrolytic manganese is limited, and the price of electrolytic manganese is mainly flat in the short term.

Silicon metalsilicon metal prices for the time being stable operation, the overall market has no obvious signs of volatility, futures prices fluctuate in a narrow range, supply and demand fundamentals have not significantly improved, price rebound upward pressure is still there, the real single transaction performance is relatively

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