The Ministry of Industry and Information Technology disclosed at a press conference that it will implement a new round of growth-stabilizing plans for ten key industries including steel, non-ferrous metals and building materials. Driven by the macroeconomic positive factors, the black series of the market rose significantly. The prices of coking coal and coke were higher than those of ferrosilicon and silicon metal. The price of ferrosilicon broke through 5,700 yuan per ton on the market. The factory quotations also rose accordingly. The cash price of 72% ferrosilicon natural block was 5,250-5,400 yuan per ton, up 100 yuan per ton. The market price of 75% ferrosilicon natural block remained relatively stable at 5,600-5,700 yuan per ton.

Factory side: Last week (July 14 - July 20), the daily output of ferrosilicon was 14,895 tons, an increase of 490 tons compared to the previous period. After the market price rose, the factory's profit improved, and the daily output gradually increased. It is expected that the daily output will continue to rise in the future.

Regarding magnesium: In the past two days, due to the sudden price increase by the magnesium factories, the demand for magnesium has risen among the downstream users. The activity of market inquiries has significantly increased. The transaction prices of magnesium ingots have gradually fluctuated around 16,400 - 16,450 yuan. Some of the demanders have followed up to 16,500 yuan, but there are still some downstream users maintaining a cautious and wait-and-see strategy. In the morning, the main factories in Shaanxi region maintained stable quotations at 16,500 - 16,600 yuan. We will continue to monitor the transaction situation.

Overall: Thanks to the recent macroeconomic positive factors, the price of silicon iron has risen, profits have improved, factory production enthusiasm has increased, and the daily output is expected to continue to rise. After the price increase, the market inquiry activity has become more active, which will also drive up speculative demand. Subsequently, we will pay close attention to the performance of the black market.

From China Iron and Steel Alloys Online