Ferrosilicon prices rebounded, metal silicon manufacturers reluctant to sell

On the 3rd, the price of ferrosilicon 75 rebounded slightly, the mainstream reported 5950-6050 yuan / ton, an increase of 50 yuan, while the price of ferrosilicon 72 in the northwest temporarily stabilized, the mainstream reported 5700-5800 yuan / ton (both tax ex-factory ex-factory price) . As the tenders of steel mills increased, the number of inquiries from downstream buyers increased. A local merchant in Ningxia said that there was not a lot of local stocks recently, and prices have started to rise. Cash transactions are OK, but they are still dominated by old customers. Fubao Research and Development believes that the bidding of steel mills will drive the market to rebound, and the downstream buying trend will be obvious. It is expected that the market price will continue to rebound.

The price of metal silicon rose again, 3303 reported 12400-12600 yuan / ton, 2202 reported 13300-13500 yuan / ton, 441 reported 11900-12100 yuan / ton, up 100 yuan / ton, but not oxygen 553 price changes, the market High prices still exist, and some quotes are as high as 11,500 yuan / ton (both port prices). The downstream market entered the traditional peak season, the manufacturers' bullish mentality was obvious, the external quotation was firm and the reluctance to sell was obvious. It is expected that the metal silicon market will pick up again.

On the macro side, in August, new loans were expected to reach 780 billion yuan. Stable growth led to a slight recovery in investment. In August, the final value of HSBC PMI was 50.1, a four-month high. The Eurozone's PMI in August exceeded expectations and reached a 26-month high.

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