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Why has ferrosilicon increased in price recently?

2019-07-18

 ferro silicon has high-efficiency deoxygenation agents, alloy agents, incubators, globulizers and other effects by the steel industry, foundry industry and ferroalloy industry. But in recent times, the price of ferrosilicon has risen sharply. So what's the current price of ferro silicon ? Will silicon iron continue to rise in price or will it fall back? Many customers are troubled by these problems, the following by the star metallurgical group's sales director to analyze the reasons for the sharp rise in the price of ferro silicon .

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1. ferrosilicon raw material silica shortage
Environmental inspection team on the northwest region of silicon mining strict control, raw materials silica is now in short supply.
2. ferro silicon spot less ferro Silicon manufacturers into the steel plant tender back single production state, less spot, and a large ferro silicon production enterprises due to equipment upgrade all discontinued, affecting the output of more than 20,000 tons.Caused the recent sharp rise in ferro silicon (about 600 yuan / ton), and even alloy manufacturers suspended the offer.
3, futures pull up ferro silicon futures 1909 contract opened significantly higher, the amplitude of the disk expanded, and finally closed a negative line with a longer shadow line.
From a technical point of view: short-term overbought, the formation of a new rising channel, 6300 line into a long-short competition for key points, the validity and continuity of fundamental news on the face has an important impact, the main range operation, and set a take profit stop.
4, downstream demand release Recently affected by environmental inspections and rising iron ore, steel prices are generally good.

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Recently, the National Bureau of Statistics released data, industrial growth, fixed asset investment and total retail sales of consumer goods growth significantly improved, affected by this news, steel market transaction activity has increased, traders sales are more positive, manufacturers are running smoothly. To sum up, the market spot tension and environmental pressure is increasingly severe, the sharp rise in the price of ferro silicon has been formed. Friends who are still waiting, have they made a decision? More ferro silicon price news Henan Star Metallurgical Group will continue to pay attention. The company has a large number of ferro silicon, manganese iron, spherical agents, incubators, carbon-adders and other metallurgical products spot, preferential prices, welcome procurement.
web:www.sino-stargroup.com
email:star15@alloyssi.com