The ferrosilicon market is getting calmer and the price rhythm is slowing down.
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The export situation did not fluctuate much this week, and the FOB price remained at 750-780 US dollars / ton. After more than one month of purchases in Japan and the United States, stocks have basically been established, and procurement has slowed down. In addition, buyers have seen a slowdown in ferrosilicon prices, and it is expected that there will be a decline. Procurement begins. Be cautious.
From the current market, ferrosilicon is mainly subject to national industrial policies, environmental protection policies and power factors, and demand side is purchasing iron and iron. The fierce rise in the early ferrosilicon market and the recent calm market have caused manufacturers and traders to worry about the market outlook, and many businesses have begun to adopt a wait-and-see attitude. The National Development and Reform Commission informed that from June 30, 2006, the national sales price will increase by an average of 2.5 points / kWh, which means that the production of ferrosilicon will increase by about 250 yuan / ton with the increase in electricity prices. This will fuel the already hot ferrosilicon market. In order to maintain the profit of the ferrosilicon industry, ferrosilicon manufacturers will increase the price of ferrosilicon accordingly. This year, the ferrosilicon market will go to the end, and the market will explain everything in July.