Ferrosilicon quotes remain high  

Ferrosilicon today mainstream quotation 72 # 7800-7900 natural block, 7900-8100 yuan / ton of bidding, 75 # 8200-8400, 65 # 7450-7550 yuan / ton cash natural block factory, and yesterday morning quotation ratio rose by 100 yuan / ton, yesterday's futures disk pulled up significantly, the factory price adjustment is frequent, this morning's high open slightly downward, factory quotations remain stable and wait-and-see. Trade area Anyang 72 # 7500-7600 yuan / ton cash excluding tax, Jiangsu region quotation 72 # 8300-8400 yuan / ton.  

Ferrosilicon market at present long and short factors exist, the first is the cost side of the support, coal prices are still rising, blue charcoal prices maintained at 1650-1750 yuan / ton, the second is the impact of the Ningxia epidemic, factory production is normal, but the transport vehicle to reduce the capacity decline, the flow of goods is affected, the third is that some steel mills purchase October in advance. The bearish point is that the steel mill production reduction is expected to rise again, Wu'an, Shanxi and other places have reported the October reduction target, of which Wu'an according to the ABCD level to implement the production limit, Shanxi and other places have not received the notice of production restrictions, blast furnace, rolling steel production line operating rate is still very high, but due to the increase in losses, steel mill output is expected to fall.  

In general: the cost of ferrosilicon is supported, the market price rises factory profits repair, the start of production rebound, but the Ningxia epidemic affects the circulation of goods, superimposed some downstream users in advance before the National Day, the market transaction rhythm is acceptable, but the high-priced transaction volume is not large, it is expected that the pre-holiday market will remain at a high level of shock, after the holiday pay attention to supply and demand changes and twenty major policy factors.  

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