Products Description
Recently, the futures market has shown a fluctuating downward trend, which has brought about a series of chain reactions. Due to the lower prices of spot prices for receiving goods on the market, manufacturers have encountered obstacles in completing transactions. In order to cope with this situation, manufacturers have experienced a loosening and decline in prices.
In terms of morning market prices, the cash natural block ex factory price of 72 # ferrosilicon is between 6600-6800 yuan/ton, while 75 # ferrosilicon is between 7150-7250 yuan/ton. In the production area, although most factories still have preliminary orders in hand, the number of new orders received is average. In a state of downward market prices, downstream users have adopted a strategy of holding down orders instead of taking them, and have chosen to wait and see more.
The steel bidding in July is continuing to advance, but there has been a decline in steel bidding pricing. Xinyu and Zhongtian have both set the price at 7200 yuan/ton upon acceptance to the factory, while Yunnan Kunming Iron and Steel has set it at 7200 yuan/ton, of which 60% will be paid in cash.
Overall, the current blue charcoal is showing signs of decline, and the price of ferrosilicon is also decreasing, resulting in a narrowing of profits for manufacturers. However, it is worth noting that the production of ferrosilicon continues to rebound. At the same time, downstream steel and magnesium prices have both shown weak performance. In this situation, the steel bidding prices fell in July, and the ferrosilicon market temporarily lacks support from favorable factors.
The Future
It is expected that the ferrosilicon market will continue to operate weakly in the short term. For manufacturers, it is necessary to closely monitor market trends and adjust production and sales strategies reasonably to cope with the current unfavorable market situation. For downstream users, although they are currently in a wait-and-see situation, they also need to be prepared to seize the appropriate procurement opportunity at all times.
In the long run, the trend of the ferrosilicon market is still influenced by various factors, including macroeconomic conditions, policy adjustments, changes in supply and demand of upstream and downstream industries, and so on. Therefore, all participants need to maintain a keen market insight in order to make wise decisions in market fluctuations.
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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