Recent trends in ferrosilicon prices

Ferroalloys Online 2021-7-26: In the early weeks of recovery, the ferrosilicon market maintained a strong trend, most factories can still maintain the discharge of goods, bayannaoer power restriction alleviated, Mengxi issued a notice on the definition of the upper limit of the power trading market price in The mengxi region and the adjustment of some industry market trading policies related matters, from August 2021, The price of coal-fired power generation in the electricity trading market in Mengxi region can rise by no more than 10% (the upper limit is 0.3112 yuan per kilowatt-hour) on the basis of the base price (0.2829 yuan per kilowatt-hour). Bayannur factory said it had not received an official price increase notice. At the weekend, the central defender sent out two documents, the main content:

Document no. 11: Zhongwei Leading Group for Energy Conservation and Emission Reduction issued an early warning notice on double control of industrial energy consumption in the first half of 2021 on 23rd: From January to June, industrial energy consumption was 4.924 million tons of standard coal, up 14.7% year on year, an increase of 631,000 tons. Among them, Shapotou District was 3.036 million tons of standard coal, up 27.9% year on year, an increase of 663,000 tons (Zhongwei Industrial Park was up 65,000 tons). All competent departments are required to strictly manage energy consumption targets, take effective measures to control and control enterprises that exceed energy consumption targets, urge them to produce in a balanced manner, and resolutely refrain from producing in excess of energy consumption targets.

No. 12 document is: Zhongwei City Energy Conservation and Emission Reduction Leading Group Office issued the notice on The Implementation Plan of Further Improving the Energy Efficiency Level of Energy-intensive Industries to Ensure the Completion of dual Control of Energy Consumption Targets on 23rd: The implementation steps are as following: In the first stage, from August, production will be stopped and rectified for smelting unit consumption and comprehensive energy consumption of ferric silicon, manganese silicon, calcium silicon, silicon carbide and other products that cannot reach the average level of the autonomous region, and production will be stopped and rectified for those that cannot reach the advanced level of the autonomous region from September. In the second stage, enterprises are encouraged to complete the technological transformation of intelligent control, automatic feeding and automatic casting of ferrosilicon furnaces by the end of June 2022, and fully eliminate the ore heating furnaces below 25,000 by the end of 2022. The average value of unit consumption of ferrosilicon smelting in the autonomous region is 8300, and the advanced value is 8200. The average comprehensive energy consumption of ferrosilicon is 1850, and the advanced value is 1825)

In general: the power consumption and the elimination of less than 25000kVA ore hot furnace has little impact on zhongwei ferrosilicon. According to the standard coal situation, if the enterprise is not allowed to exceed the energy consumption index production, the follow-up zhongwei production restriction measures will continue to be stricter, Ningxia Zhongwei still has the expectation of production restriction, local factories are reluctant to sell the mentality is strong, the overall market price remains high. In order to ensure that 2021 crude steel output year-on-year decline, a number of steel production provinces on the compression of crude steel output in the second half of the deployment. August steel bid approaching, and look at the steel bid volume, price situation, bidding price is expected to continue to rise.