[Ferro-Alloys.com]

[Market Trend] Zhongwei city, Ningxia Hui Autonomous Region released an implementation plan about "staggering peak production", some ferrosilicon plants are on the list, which should carry out the production avoid the peak hours from December 1, 2019 to March 10, 2020.

[Spot Price] Currently, the market sentiment has improved with the tighter supplies and increasing demand, the price increased to some extent. According to the market information, some factories increased ferrosilicon 72# to around 5700 yuan per ton, and 75# to around 5950 yuan per ton. About the future prices, most of industry participants thought it would be higher, but it still depends on the demand and the supplies.

[Ferrosilicon Futures 2001 Contract] The 2001 ferrosilicon contract price on ZCE opened at 5738, closed at 5794, and the highest price was 5840, the lowest price was 5700, the settlement price was 5814. The trading volumes were 140.2 thousand tons and the position was 54178.

[Steel] The steel market turned better with the price increased and inventories down in November. But in December, as it gets colder, the capacity utilization rate declined and the demand for steel getting softer, the price declined, too. It may lack strong support in a short term.

[Magnesium Metal] The magnesium metal market continued to run weakly stably. The price of magnesium ingot in Shaanxi Fugu was 13800 yuan per ton.