Products Description
(2024.6.19)
In yesterday's market dynamics, the main contracts of ferrosilicon showed remarkable changes. The main contract increased by 0.51%, which is 36 points, and finally closed at 7058 yuan/ton. Although this increase may seem small, it holds significant importance in the subtle fluctuations of the market. At the same time, the position of the main contract decreased by 12519 lots, reflecting an adjustment in the market participants' attitudes towards ferrosilicon contracts.
Moving on to warehouse receipts, yesterday's quantity of ferrosilicon was 13376, a decrease of 81 compared to the previous trading day, while the effective forecast was 3094, unchanged from the previous trading day. The changes in these numbers reveal the dynamics of the ferrosilicon market in terms of warehousing and supply.
From the price changes in the main production areas, the price in Inner Mongolia remains unchanged at 6750 yuan/ton; Ningxia region also maintains a price level of 6800 yuan/ton; However, the price in Qinghai region has decreased by 50 yuan/ton, currently at 6850 yuan/ton. This indicates that there is a certain price difference and fluctuation trend between different main production areas.
trade quotation
In terms of trade quotation, the price of 72 qualified silicon iron blocks in Henan region is 7300 yuan/ton, a decrease of 100 yuan/ton compared to before; The price of 72 qualified silicon iron blocks in Jiangsu region is 7200 yuan/ton, a decrease of 50 yuan/ton; The price of qualified 72 silicon iron blocks in Tianjin remains unchanged at 7250 yuan/ton. The changes in quotes from these trading destinations reflect the differences in demand and supply of ferrosilicon in different regional markets.
We need to conduct in-depth analysis and understanding of the dynamic changes in the ferrosilicon market. The rise of main contracts may be influenced by various factors, such as market expectations for future demand for ferrosilicon, changes in macroeconomic environment, and adjustments to relevant policies. The decrease in holdings may mean that some investors choose to profit or adjust their investment strategies at this time.
The changes in prices in the main production areas and trading areas directly reflect the supply and demand relationship in the local market. When prices decrease, it may imply relatively sufficient supply or weakened demand; If the price remains unchanged, it may indicate that the market is in a relatively balanced state. These price changes not only affect the profits and business decisions of ferrosilicon production enterprises, but also bring changes to the costs and procurement plans of downstream users.
contact
ZHENAN INTERNATIOANL CO., LTD
Tell: +8615896822096 (WhatsApp)
Email: info@zaferroalloy.com
Website: www.metal-alloy.com
Address: Huafu Office Building, Anyang, Henan province, China.
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