Steel: According to the latest data of the National Bureau of Statistics, steel production in August increased. According to China Iron & Steel Association, the inventories increased, too. But the demand didn’t come back as well as expected, and the mood of the market was pessimistic. As it gets cool, will the demand come back, will the steel market be strong, still up in the air.
Magnesium Metal: The demand was soft and the market kept weakly steady, and there were not very much good news.
Silicon Metal: News about production recovery comes one by one, but there still are many enterprises won’t reinstate the production at present. Some high-quality grade silicon price has dropped, and the consumption was weak. Overall, the silicon market was oversupplied, but the poor profit made it wouldn’t drop too much.
Coal and Coke: Capacity utilization rate didn’t change much compared to the previous week, the decreasing amplitude of the inventories shrunk, and the mood weakened, it’s hard for the price to increase in a short term.
Ferrosilicon Futures: Raised a little in stability this week, the trade volumes reached high on Tuesday and Wednesday.
Below are ferrosilicon futures main contract 2001 daily specific performances:
Date |
Opening price |
Closing price |
Range % |
Settlement Price |
Trading volume |
September 2nd |
5850 |
5854 |
↑1.18 |
5860 |
98504 |
September 3rd |
5860 |
5832 |
↓0.48 |
5856 |
45310 |
September 4th |
5846 |
5846 |
↓0.17 |
5842 |
52204 |
September 5th |
5880 |
5810 |
↓0.55 |
5838 |
67280 |
September 6th |
5812 |
5860 |
↑0.38 |
5850 |
57742 |
September 9th |
5892 |
5824 |
↓0.44 |
5848 |
79628 |
September 10th |
5826 |
5864 |
↑0.27 |
5864 |
64498 |
September 11th |
5860 |
5844 |
↓0.34 |
5864 |
54668 |
September 12th |
5860 |
5860 |
↓0.07 |
5840 |
61368 |
September 16th |
5864 |
5832 |
↓0.14 |
5862 |
69582 |
September 17th |
5836 |
5930 |
↑1.16 |
5890 |
122028 |
September 18th |
5908 |
5958 |
↑1.15 |
5962 |
129772 |
September 19th |
5956 |
5970 |
↑0.13 |
5968 |
60650 |
September 20th |
5964 |
5938 |
↓0.50 |
5926 |
82758 |
- [Editor:kangmingfei]
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