Apr. 11, 2025: Ferrosilicon Latest News
Apr 11, 2025
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Apr. 11, 2025: Ferrosilicon Latest News (6672, -28.00, -0.42%) : On Thursday, the ferrosilicon futures price fluctuated and strengthened, the main contract closed at 5900CNY/ ton, up 0.65% from the previous month, and the main contract positions increased by 3601 lots from the previous month. The aggregate price of No. 72 ferrosilicon is about 5550-5700CNY/ ton, which is basically the same as the previous day. There are more recent disturbance factors, market sentiment fluctuates, most of the commodities strengthened yesterday, and the focus of the ferrosilicon futures price also moved up. The recent trend of ferrosilicon futures is relatively strong, and the continuous production reduction in the main producing areas has strong support for the price of ferrosilicon. According to ferroalloy online statistics, the production reduction of ferrosilicon plant increased significantly in April, as of April 9, there have been more than 10 enterprises to reduce production, a cumulative reduction of more than 1,800 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 2,500 tons to about 14,000 tons. Yesterday, the Qinghai region also saw that enterprises continued to reduce production, and the supply reduction supported the price of ferrosilicon. On the demand side, the progress of steel recruitment in April was relatively slow, and although the demand for ferrosilicon in sample steel mills continued to increase from the previous month, the absolute value was still low, and the demand support was limited. Overall, there are more recent market drivers, the emotional side is dominant, the supply side is supported, and it is expected that the short-term iron silicon price range is mainly oscillating.
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