Why ferrosilicon price risen? What is the current price of Ferro silicon?

Ferrosilicon is favored by steelmaking industry, foundry industry and ferroalloy industry for its high efficiency of deoxidizer, alloying agent, inoculant and spheroidizer. But in recent years, ferrosilicon prices have risen sharply. So what's the current price of ferrosilicon? Will ferrosilicon continue to rise or will it fall? Many customers are troubled by these problems. We will take you to analyze the reasons for the sharp rise in ferrosilicon prices.
 
1. Ferrosilicon Raw Material Silicate Shortage
The environmental protection supervision group has strict control over silica mining in Northwest China, and raw silica is in short supply.
2. Ferrosilicon is less in stock
Ferrosilicon manufacturer enters the production state of steel plant after bidding, with less spot, and a large Ferrosilicon manufacturer has stopped production because of equipment upgrading, affecting the output of more than 20,000 tons. As a result, ferrosilicon has risen sharply in the near future (about 600 yuan/ton), and even alloy manufacturers have suspended quotations.
3. Futures Rally
Ferrosilicon futures contract 1909 opened sharply, the disk amplitude expanded, and eventually closed a mid-shade line with a longer lower shadow line. From a technical point of view: short-term overbought, the formation of a new rising channel, 6300 line into multiple empty to compete for key points, the effectiveness and sustainability of basic information has an important impact on the market, interval operation is the main, and set a stop-loss position.
4. Downstream Demand Release
Influenced by recent environmental inspections and the rise in iron ore, steel prices are generally good. Recently, the National Bureau of Statistics released data showing that with the increase of industry, the growth rate of fixed assets investment and total retail sales of social consumer goods has significantly improved. Influenced by this news, the trading activity of the steel market has increased, the sales of traders have been more active, and the goods of producers have gone smoothly.
To sum up, the market spot tension and environmental protection pressure are increasingly severe, ferrosilicon prices have formed a sharp upward trend. Has a friend who is still on the lookout made a decision? More news on ferrosilicon price trends will be followed by FerroEast.com.Our website's companys have a large number of ferrosilicon, ferromanganese, nodularizers, inoculants, carburizers and other metallurgical products in stock, with preferential prices.