Ferro Alloy Market Update

31/10/2024
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Ferrosilicon: ferrosilicon market for the time being to maintain a stable state, steel mill bidding progress is relatively slow at the end of the month, industry concerns about the future market has heated up, traders buy enthusiasm has weakened, some turned to futures plate point price operation, the market mentality is also more wrong in the complex.

Magnesium metal: domestic magnesium metal prices remain weak and stable forward trend, with the macro sentiment gradually weakened, yesterday black futures closed down, magnesium market mentality also gradually returned to rational, after all, in the unbalanced situation of supply and demand, the end of the market and the low price situation coexist, but in the short term market volatility space is limited, both sides of the operation are mostly cautious.

Silicon metal: The price of silicon metal is stable and slightly up, and the low-cost supply in the market is increasingly difficult to find, but the real single transaction is mainly based on just need, and the price at the end of the month is slightly coexisting with the low price situation. And near the delivery month, the inventory pressure of futures warehouse receipt is still there, which forms a certain restriction on the market.

Electrolytic manganese: electrolytic manganese market continues to show stable operation, with the recent macro sentiment slightly better, some of the price and hope to increase sentiment, the market has reduced the supply of low-cost goods. At the end of the month, the mentality and operation began to differ.

Calcium silicon: Calcium silicon prices held steady;

Barium silicon: Barium silicon price has not changed.

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