The cost support is strong, and the current supply of ferro-silicon is slightly better than that of silicon manganese, and today's double-silicon price fluctuates strongly.

In terms of the industrial chain, Mysteel data shows that the weekly output of large steel materials on Friday was 796.82 million tons, a decrease of 1.15 million tons; the total inventory was 1257.99 million tons, a decrease of 1.15 million tons. 36.79 million tons. Recently, steel production has remained low, but the reduction in inventories is significant, or it may have a certain support effect on the sentiment of black goods. While the steel mill production cut has limited the demand for alloys, but the double silicon market has certain expectations for the seasonal return of consumption, the downward pressure on the short-term disk is relatively limited.

In terms of supply, the new production capacity of manganese silicon in the early stage is about to be released, and the factory that is expected to start at the end of the month will continue to extend; In a low position, the short-term recovery is low. Overall, the production of manganese silicon is at the middle level of the same period in recent years, but the company's inventory has repeatedly broken new highs, and the pressure on the short-term market supply is not reduced, and the future needs to pay attention to the weekly production and inventory data trend. Ferrosilicon manufacturers are generally active in production, and there is a recent factory shutdown.

In terms of the cost of manganese and silicon, the manganese ore market is fully operational, and the current stock is half carbon dioxide The price is high, and it is expected to have a certain support effect on the price of manganese and silicon. Regarding the cost of ferrosilicon, there is a small rebound in the price of blue carbon raw material, and the price of blue carbon is expected to stabilize temporarily.

On the whole, there is no obvious reversal in the demand for double silicon, but the cost support is stable. In my opinion, the space below the iron alloy is limited, and the cost support is below.

(Source: Wenhua Comprehensive)

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