Ferrosilicon today has a strong wait and see atmosphere

Today's overall decline in the black system, ferrosilicon led the decline, the market high quotation decreased, the wait-and-see atmosphere rose again, this morning the factory quotation 72 8900-9000, 75 9400-9600 yuan / ton cash natural block factory, the current company shipped Zhongwei library 08-300, Jiangsu 06 145, 08 140, Hubei, Anyang and other regions also have a source of goods. Benefiting from the recent rise in futures, the increase in market hedging demand, some wait-and-see customers enter the market for purchase, the transaction activity of manufacturers has improved, and the inventory has been transferred to the delivery warehouse to a certain extent.

Manufacturers quoted 72 8900-9000 yuan / ton cash natural block factory mostly, the actual single re-negotiation price, the manufacturer said that the futures rose after the transaction increased, inventory declined, but 72 9000 and above is not a good deal. 75 iron prices are also adjusted with the disk, Shaanxi regional quotation 75 9500-9600 yuan / ton cash, manufacturers said that 9600 is not traded.

This morning, Fugu Magnesium Factory quoted 26,000 yuan / ton of cash, and gradually stabilized. Magnesium plant raw materials rose cost increased, manufacturers said that raw coal to the plant price of 1400-1500 yuan / ton, coupled with the rise in ferrosilicon prices, cost rise, magnesium plant stabilization mentality is strong, low prices are temporarily reluctant to ship.

In general: the tone of june steel moves has been settled, this week's rise in futures has stimulated the activity of hedging, market transactions have also improved to a certain extent, but today's futures are down, transactions will weaken, and it is expected that the manufacturer's high quotations will be reduced.