Apr. 14, 2025: Ferrosilicon Latest News
Apr 14, 2025
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Apr. 14, 2025: Ferrosilicon Latest News(6672, -28.00, -0.42%) : The reduction of production in the main producing areas has increased significantly, and the price of ferrosilicon is relatively strong. In the case of large fluctuations in commodity prices this week, ferrosilicon trend is relatively strong. This week, the main production areas of ferrosilicon production has increased significantly, involving Shaanxi, Gansu, Qinghai and other places, according to ferroalloy online statistics, as of April 9, there have been more than 10 enterprises to reduce production, a cumulative reduction of more than 1800 tons per day, the follow-up Inner Mongolia factory is still expected to reduce production, if fulfilled, the daily output will be reduced by more than 2500 tons to about 14000 tons. According to the steel union data, this week's iron silicon production of 103,100 tons, a daily output of 14,700 tons, down 7% week on week, supply reduction on iron silicon prices have a certain support. On the demand side, the progress of steel recruitment in April was slow, and the demand for ferrosilicon from sample steel mills increased slightly, but the absolute value was still relatively low. Demand for magnesium metal has improved to a certain extent, and the output of magnesium ingot in March was 76,700 tons, an increase of 2.76% from the previous month. In terms of cost and profit, due to the reduction of the price of ferroalloy production in Ningxia region, the immediate profit of ferrosilicon production in Ningxia region has rebounded, and is currently close to positive or negative zero, and the rest of the main producing areas are still in varying degrees of loss. At the inventory end, as of April 11, the total inventory of ferrosilicon of 60 sample enterprises was 94,900 tons, an increase of 15,300 tons compared with two weeks ago, an increase of 31,800 tons year-on-year, and a rapid and substantial accumulation of inventory. In summary, we believe that the current support for ferrosilicon prices mainly lies in the supply reduction caused by the main production areas, the demand side, the cost side, the inventory side of the support are more limited, the greater variable is the emotional side of the disturbance, we believe that short-term ferrosilicon will still be low shock.
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