Monthly Ferrosilicon Market Report Feb 2024

1. Market Highlights 2
2. Economy and Policy 2
2.1 Chinese Economy and Policy 2
2.1.1 China sees remarkable results in green transition for industrial sectors 2
3. Market Movements 2
3.1 Chinese Market 2
3.1.1 Chinese ferrosilicon 72%min EXW D/P 2
3.1.2 Chinese ferrosilicon 75%min EXW D/P 2
3.2 Export Market 2
3.2.1 Chinese ferrosilicon 72%min FOB China 2
3.2.2 Chinese ferrosilicon 72%min Ex-VAT FOB China 2
3.2.3 Chinese ferrosilicon 75%min FOB China 3
3.2.4 Chinese ferrosilicon 75%min Ex-VAT FOB China 3
3.3 International Market 3
3.3.1 Ferrosilicon 75%min in Europe in warehouse Rotterdam 3
3.3.2 Ferrosilicon 75%min in the US in warehouse Pittsburgh 3
3.3.3 Ferrosilicon 70%min in India EXW D/P 3
3.3.4 Ferrosilicon 65%min in Russia in warehouse 4
3.3.5 Russian ferrosilicon 65%min FOB Russia 4
4. Company News 4
4.1 Zhongwei Yuexin reduces ferrosilicon production 4
4.2 Angang Lianzhong announces bid results for ferrosilicon (75%min and 72%min) 4
4.3 Benxi Steel Plates announces bid result for ferrosilicon (FeSi75Al0.5-A) 4
5. Producers Statistics 4
5.1 Chinese ferrosilicon producers' operating rate down by 4.63% MoM in February 4
5.2 Chinese ferrosilicon producers' output down by 8.32% MoM in February 4
5.3 Chinese ferrosilicon producers' inventory up by 330.69% MoM in February 5
6. Consumers statistics 5
6.1 CISA: Major steel mills' average daily crude steel output rises to 2.02Mt in early Jan 5
6.2 CISA: Major steel mills' average daily crude steel output rises to 2.09Mt in mid-Jan 5
7 Export statistics 6
7.1 Chinese ferrosilicon export volume down by 32.51% MoM in December 6
7.2 Chinese ferrosilicon export price down by 0.49% MoM in December 6
8 Traders Statistics 6
8.1 Top 10 active Chinese ferrosilicon exporters in December selected by Asian Metal 6
9. Relevant Industry News 7
9.1 Yulin produces 469.7kt of magnesium metal in 2023 7
9.2 CISA: Major steel mills' daily crude steel output rises to 2.07Mt in early Feb 7
9.3 CISA: Major steel mills' daily crude steel output records 2.1Mt in mid-Feb 7
9.4 CISA: Major steel mills' daily crude steel output records 2.13Mt in late Feb 7
10. Market Outlook for Next Month 7
10.1 Chinese market 7
10.1.1 Ferrosilicon 72%min EXW D/P 7
10.1.2 Ferrosilicon 75%min EXW D/P 7
10.2 Chinese export market 7
10.2.1 Chinese ferrosilicon 72%min FOB China Inc/Ex-VAT 7
10.2.2 Chinese ferrosilicon 75%min FOB China Inc/Ex-VAT 7
10.3 International market 7
10.3.1 Ferrosilicon 70%min prices in India EXW D/P EXW India 7
10.3.2 Ferrosilicon 75%min in Europe in warehouse Rotterdam 7
10.3.3 Ferrosilicon 75%min in the US in warehouse Pittsburgh 7
10.3.4 Ferrosilicon 65%min in Russia in warehouse 7
10.3.5 Ferrosilicon 65%min FOB Russia 7


.Asian Metal Copyright2 Chinese ferrosilicon producers' output down by 8Asian Metal Copyright