[Ferro-Alloys.com] On December 3, 2020, Ningxia Zhongwei issued the notice on staggering peak production in some key industrial industries during winter and spring 2020-2021. Some ferroalloy (ferrosilicon) enterprises were included in the staggered peak production range. The peak shifting production time is from December 1, 2020 to March 10, 2021. According to local enterprises, it will affect the overall output, supply schedule and market sentiment to some extent.

 

At 9:00 a.m. on December 3, 2020, Fugu Magnesium Association and Semi-coke Association held an emergency meeting. They pointed out that the current guiding price for magnesium ingots storage was 14000 yuan per ton including tax, and required the manufacturers to make firm quotations (830 yuan per ton of medium sizes and 800 yuan per ton of small sizes of semi-coke) to reduce losses. How to reduce production are also discussed.

 

Ningxia and Gansu have issued electricity price adjustment policies, and the impact is not very clear at present.

 

Click here for more information: Ferrosilicon Daily Express 12.5