Products Description
On June 28, 2024, during this week (6.24-6.28), the domestic ferrosilicon market showed a sustained weak trend, with prices continuing to decline and consolidate. The overall weak market situation has not significantly improved during this period, which is worrying. It is particularly noteworthy that in the past month or so, the price of ferrosilicon has been declining for four consecutive weeks, which has brought considerable pressure to market participants.
In the domestic silicon iron industry pattern, Ningxia occupies an important position and is one of the five main silicon iron production areas in China. In Ningxia, Zhongwei City is also the core area of ferrosilicon production. Zhongwei's silicon iron production accounts for over 85% of the total production in Ningxia, and its production capacity accounts for 1/5 of the national silicon iron production capacity. Such a high proportion makes the dynamics of Zhongwei's ferrosilicon industry play a crucial role in reflecting the national industry situation.
Uncertain market conditions
Given the current uncertain market situation, it is still recommended to adopt a wait-and-see strategy in the short term. For manufacturers, it is necessary to carefully evaluate the costs and benefits of continuing production, as well as the potential market share changes that may arise from reduced production. For traders and investors, taking reckless actions at this time may face significant risks, so closely monitoring market dynamics and waiting for clearer signals is a more prudent choice.
During the observation period, all parties should continue to pay attention to the production data, policy changes, market demand trends, and dynamics of other main production areas in Ningxia. At the same time, attention should also be paid to the impact of the macroeconomic environment on the ferrosilicon industry, as well as the changes in the upstream and downstream of the relevant industrial chain.
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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