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亚洲金属网 版权所有 2023-01-09

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2022-12-12 to 2023-1-6 (RMB/t EXW D/P)
Weekly Ferrosilicon Market Summary 2-6 Jan

1.Market Highlights

Ferrosilicon 72%min prices in China keep firm early this week

but edged down late this week, and ferrosilicon 75%min prices
edged down this week dragged by the sluggish demand.

Chinese ferrosilicon 72%min and 75%min export prices edged

up this week upon the appreciated CNY against USD.

Ferrosilicon 70%min prices in India remain stable upon the quiet

market.
Dragged by the cut demand from magnesium ingot plants, Chi-
Ferrosilicon 75%min 10-50mm in Europe and the US both keep nese ferrosilicon 75%min 10-50mm edged down by RMB100/t
stable upon the few orders in the spot market. (USD14/t) to RMB8,500-8,700/t (USD1,234-1,263/t) EXW D/P
this week from last week.
Russia is taking holiday, and there is no liquidity in the spot mar-
ket this week, likewise Russian ferrosilicon export market. 3.1.4 Chinese ferrosilicon prices by region

Chinese ferrosilicon prices by region on Jan 6

2. Economy and Policy
Up/Down
Spec. (10-
Region Price against last Basis
2.1 Eurasian Economic Union imposes anti-dumping duty 50mm)
Friday
on ferro-silico-manganese from Georgia
Haidong 75%min 8,450-8,650 -50 EXW D/P
On December 23, 2022, the Department for Internal Market De-
fence of the Eurasian Economic Commission (ECC) announced Haidong 72%min 8,000-8,200 -100 EXW D/P
to impose anti-dumping duty of 21.40%-24.22% on ferro-silico-
manganese from Georgia in accordance with the No. 201 Res- Zhongwei 75%min 8,500-8,700 -50 EXW D/P
olution formulated on December 20, 2022. Among them, the
general tax rate is 24.22%. The measures will take effect 30 Zhongwei 72%min 8,100-8,300 -100 EXW D/P
natural days after announcement and will be valid for 5 years.
The concerned products are under Eurasian Economic Union Inner Mongolia 75%min 8,550-8,750 -50 EXW D/P
Tax Code 7202300000.
Inner Mongolia 72%min 8,100-8,300 -100 EXW D/P

3. Market Movement Fugu 75%min 8,550-8,750 -50 EXW D/P

3.1.1 Chinese ferrosilicon 72%min EXW China Fugu 72%min 8,000-8,200 -100 EXW D/P
Chinese domestic ferrosilicon 72%min prices trend from
2022-12-12 to 2023-1-6 (RMB/t EXW D/P) 3.2 Export Market Movements

3.2.1 Chinese ferrosilicon 72%min FOB China

Chinese ferrosilicon 72%min FOB China trend from
2022-12-12 to 2023-1-6 (USD/t)

Supported by the upcoming purchases from HBIS, the main-

stream prices of ferrosilicon 72%min 10-60mm in China keep
firm early this week while edged down by RMB100/t (USD14/t)
late this week after HBIS finalized the purchase. The main-
stream prices hover at RMB8,000-8,200/t (USD1,161-1,190/t)
EXW D/P late this week. Supported by the appreciated CNY against USD, Chinese fer-
rosilicon 72%min 10-50mm export prices edged up by USD20t
3.1.2 Chinese ferrosilicon 75%min EXW China to USD1,570-1,600/t FOB China this week from last week, while
the export market sees few deals closed dragged by the slug-
Chinese domestic ferrosilicon 75%min prices trend from gish overseas demand.
Tel: +86 10 65630511/77 Website: www.asianmetal.com
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to USD1,600-1,630/t Ex-VAT FOB China this week from last
3.2.2 Chinese ferrosilicon 72%min Ex-VAT FOB China week, while the export market sees few deals closed dragged
by the sluggish overseas demand.
Chinese ferrosilicon 72%min Ex-VAT FOB China trend from
2022-12-12 to 2023-1-6 (USD/t)
Malaysian ferrosilicon 75%min 10-50mm export prices hover at
USD1,600-1,620/t CIF Japan this week, unchanged from early
last week.

3.3 International Market

3.3.1 US ferrosilicon 75%min in warehouse Pittsburgh

US ferrosilicon 75%min prices trend from

2022-12-12 to 2023-1-6 (USD/t in Warehouse Pittsburgh T/T 30 days)

Supported by the appreciated CNY against USD, Chinese fer-

rosilicon 72%min 10-50mm export prices edged up by USD20/t
to 1,520-1,550/t Ex-VAT FOB China this week from early last
week, while the export market sees few deals closed dragged
by the sluggish overseas demand.

3.2.3 Chinese ferrosilicon 75%min FOB China

Chinese ferrosilicon 75%min FOB China trend from

2022-12-12 to 2023-1-6 (USD/t)
Discouraged by the few deals in the spot market in the first week
after holiday, this week the mainstream prices of ferrosilicon
75%min 10-50mm in the US hover at USD1.30-1.35lb Si in
warehouse Pittsburgh T/T 30 days, unchanged from early last
week.

3.3.2 European ferrosilicon 75%min in warehouse Rotter-

dam

European ferrosilicon 75%min prices trend from

2022-12-12 to 2023-1-6 (EUR/t in Warehouse Rotterdam) T/T 30 days

Supported by the appreciated CNY against USD, Chinese fer-

rosilicon 75%min 10-50mm export prices edged up by USD20/t
to USD1,650-1,680/t FOB China this week from early last week,
while the export market sees few deals closed dragged by the
sluggish overseas demand.

3.2.4 Chinese ferrosilicon 75%min Ex-VAT FOB China

Chinese ferrosilicon 75%min Ex-VAT FOB China trend from

2022-12-12 to 2023-1-6 (USD/t)

Discouraged by the few deals in the spot market in the first week
after holiday, the mainstream prices of ferrosilicon 75%min 10-
50mm in Europe this week stand still at EUR1,800-1,900/t
(USD1,847-1,949/t) in warehouse Rotterdam T/T 30 days, un-
changed from early last week.

3.3.3 Indian ferrosilicon 70%min EXW D/P

Indian ferrosilicon 70%min prices trend from

Supported by the appreciated CNY against USD, Chinese fer-

rosilicon 75%min 10-50mm export prices edged up by USD20/t
Tel: +86 10 65630511/77 Website: www.asianmetal.com
No. 6 Jianguomenwai Avenue, Suite 16B, Tower C, Central World Trade Center, Beijing 100022 China
北京 建国门外大街甲 6 号 中环世贸中心 C 座 16B 室 邮编：100022
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2022-12-12 to 2023-1-6 (INR/t EXW D/P) 4.1 South Korean Hankook's ferrosilicon purchase price
fixed

As one of steel mills in South Korea, Hankook steel purchased

400t of ferrosilicon 75%min 10-50mm on Tuesday at around
USD1,600/t CIF South Korea with ETA at the end of February.

4.2 HBIS' ferrosilicon purchase price for Jan fixed

As the typical steel mill in China, HBIS finalized the purchase of

ferrosilicon 72%min 10-60mm for Jan on Thursday. The price is
RMB8,750/t (USD1,270/t) delivered D/A 180 days, up by
RMB50/t (USD7/t) from Dec, and the purchase amount in-
creased by 200t MoM to 1,599t.
Supported by the high production cost but restrained by the slow
demand, this week the mainstream prices of ferrosilicon 5. Relevant Industry News
70%min 25-150mm in India stand stable at INR117,000-
122,000/t (USD1,414-1,474/t) EXW D/P, unchanged from early 5.1 Henan government announces to establish provincial
last week. steel group

3.3.4 Russian ferrosilicon 65%min in warehouse On January 3, the People's Government of Henan Province is-
sued the Notice on Policies and Measures to Boost Market Con-
Russian ferrosilicon 65%min prices trend from
fidence and Promote Economic Stability. The document pointed
2022-12-12 to 2023-1-6 (Rub/kg in Warehouse Russia)
out that Henan should promote the high-end development of ad-
vanced basic materials, focus on expanding the scale of renew-
able metal production, speed up the large-scale transformation
of iron and steel enterprises, establish provincial steel groups
and new material investment groups, promote the construction
of the Kaifeng era new energy all vanadium liquid flow battery
base, and support the merger and reorganization of large back-
bone cement enterprises.

6. Market Outlook for Next Week

6.1 Ferrosilicon 72%min EXW D/P

Trend ↓ Chance 80% Range ↓ RMB 100/t
As most Russian take holiday this week, the spot market sees
few deals, and prices of ferrosilicon 65%min in Russia hover at Upon the shrining demand from steel mills, prices of ferrosilicon
RUB105-110/kg (USD1,702-1,783/t) in warehouse, unchanged 72%min 10-60mm in China would edge down next week.
from early last week.
6.2 Ferrosilicon 75%min EXW D/P
3.3.5 Russian ferrosilicon 65%min FOB Russia Trend ↓ Chance 80% Range ↓ RMB 100/t
Russian ferrosilicon 65%min FOB Russia trend from
2022-12-12 to 2023-1-6 (USD/t)
Upon the shrinking demand from magnesium ingot plants,
prices of ferrosilicon 75%min 10-50mm in China would edge
down next week.

6.3 Chinese ferrosilicon 72%min FOB China

Trend ↓ Chance 80% Range ↓ USD 20/t

Upon the softening prices in China and sluggish overseas de-

mand, Chinese ferrosilicon export prices 72%min 10-50mm
would go down next week.

6.4 Chinese ferrosilicon 72%min Ex-VAT FOB China

Trend ↓ Chance 80% Range↓ USD 20/t
As most Russian take holiday, this week Russian ferrosilicon
Upon the softening prices in China and sluggish overseas de-
65%min export prices stabilized at USD1,350-1,450/t FOB Rus-
mand, Chinese ferrosilicon export prices 72%min 10-50mm
sia, unchanged from last week.
without VAT would go down next week.
4.Company News
6.5 Chinese ferrosilicon 75%min FOB China

Tel: +86 10 65630511/77 Website: www.asianmetal.com

No. 6 Jianguomenwai Avenue, Suite 16B, Tower C, Central World Trade Center, Beijing 100022 China
北京 建国门外大街甲 6 号 中环世贸中心 C 座 16B 室 邮编：100022
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Trend ↓ Chance 90% Range ↓ USD 20/t

Upon the softening prices in China and sluggish overseas de-

mand, Chinese ferrosilicon export prices 75%min 10-50mm
would go down next week.

6.6 Chinese ferrosilicon 75%min Ex-VAT FOB China

Trend ↓ Chance 90% Range ↓ USD 20/t

Upon the softening prices in China and sluggish overseas de-

mand, Chinese ferrosilicon export prices 75%min 10-50mm
without VAT would go down next week.

6.7 Indian ferrosilicon 70%min EXW D/P

Trend ↓ Chance 80% Range ↓ INR 2,000/t
Upon the sluggish demand, prices of ferrosilicon 70%min in In-
dia would go down next week.

6.8 European ferrosilicon 75%min prices

Trend ↑ Chance 80% Range ↑ EUR 50t
Upon the upward prices trend of ferrosilicon from Brazil, the
mainstream prices of ferrosilicon 75%min 10-50mm in Europe
would go up next week.

6.9 US ferrosilicon 75%min prices

Trend ↑ Chance 80% Range ↑ USD 0.05/lb Si
Upon the upward prices trend of ferrosilicon from Brazil, the
mainstream prices of ferrosilicon 75%min 10-50mm in the US
would go up next week.

6.10 Ferrosilicon 65%min prices in Russia

Trend --- Chance 70% Range --- RUB 0/kg

Upon the stable demand in Russia, prices of ferrosilicon

65%min in Russia would go steady next week.

6.11 Russian ferrosilicon 65%min export prices

Trend --- Chance 70% Range --- USD 0/t

Upon the stable prices trend in Russia, export prices of Russian

ferrosilicon 65%min would go steady next week.

Tel: +86 10 65630511/77 Website: www.asianmetal.com

No. 6 Jianguomenwai Avenue, Suite 16B, Tower C, Central World Trade Center, Beijing 100022 China
北京 建国门外大街甲 6 号 中环世贸中心 C 座 16B 室 邮编：100022