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Ferrosilicon and Manganese are Mixed with Each Other to Maintain Short-Term Shock Pattern

2017-02-17

           Tuesday, ferrosilicon 1705 wide shocks, down 66 yuan to 4926 yuan, down 1.32%. The current transaction is not very active. Logistics and transport since the beginning of the year after 15 will be smooth. 72 ferrosilicon northwest main producing areas offer 4800-4900 yuan / ton natural block tax-free factory; 75 iron supply is more tense, quoted in the 5050-5200 yuan / ton natural block tax factory, the transaction price lower than the offer price 100-150 Yuan / ton. February steel tender price has not yet introduced, some manufacturers are expected to fall by more than 200 yuan / ton. Ferrosilicon futures short-term or maintain a weak pattern, empty single can be held in small quantities.
       Tuesday, manganese silicon 1705 rose 40 yuan to 6420 yuan, up 0.63%. Spot silicon and manganese market to maintain a weak operation. In February individual steel prices below 7,000 yuan / ton mark, the individual East China steel to the purchase price of 6800 yuan / ton. Short-term silicon-manganese is still falling in the price channel, waiting for a unified purchase of steel mills in February. The price pattern will be eased, but by the lower prices of manganese ore, silicon and manganese prices short-term difficult to pick up. Silicon and manganese futures short-term upward fatigue, temporarily wait and see.