【Ferrosilicon】 Ferrosilicon: Today, the ferrosilicon 10 contract...

【Ferrosilicon】

Ferrosilicon: Today, the ferrosilicon 10 contract fell weakly and fluctuated at a low level, finally closing at 7952 yuan/ton. The price of Tianjin 72 ferrosilicon was lowered by RMB 100/ton to RMB 8,000/ton. Affected by the epidemic in Shaanxi, the price of blue carbon increased by 100 yuan/ton, and the average production cost of ferrosilicon rose to about 7650 yuan/ton. The industry's profit situation is acceptable, manufacturers' willingness to resume production has increased, and the daily production level of ferrosilicon has rebounded slightly. However, the terminal demand is still weak, and there is not much room for the profit expansion of steel mills, and it may be difficult for the demand for ferrosilicon to increase significantly. On the whole, the production resumption process of manufacturers will weaken the degree of destocking, and the rebound of prices still needs to be viewed with caution. #futures#

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